AMD CEO sees PC market recovery in 2nd half as AI demand ramps
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Advanced Micro Devices CEO Lisa Su said she foresees the PC market to grow seasonally in the second half of the year with better inventory levels across the supply chain.
The big chip maker executed well in the second quarter, launching multiple leadership products, significantly expanding AI engagements and ramping the latest Zen 4 Epyc and Ryzen product families, Su said in a call with analysts.
While the second quarter revenue saw a decline of 18% to $5.4 billion compared to a year ago, AMD launched a number of new products amid the overall economic downturn.
Sales were flat sequentially as PC client and data center segment growth was offset by expected declines in the gaming and embedded segments.
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AI customer engagements grew by more than seven times sequentially as multiple customers initiated or expanded programs supporting future deployments of Instinct MI250 and MI300 hardware and software at scale, Su said.
Su said that semi-custom SoC sales were strong in the quarter as Microsoft and Sony had healthy console demand based on improved retail availability globally and the launches of new triple-A games. That’s going to be good news for the overall game industry.
In cloud, 30 new AMD instances launched in the second quarter with multiple “Genoa” instances announced by AWS, Alibaba, Microsoft and Oracle. Genoa delivers up to 1.9 times more performance in enterprise and cloud applications and 1.8 times more performance-per-watt than the competition, making it
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