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Advanced Micro Devices reported first-quarter earnings that topped expectations.
AMD's data center unit became the primary driver of the company's revenue and earnings growth.
KEY POINTS
- AMD expects $11.2 billion in Q2 revenue versus analyst forecasts of $10.52 billion.
- AMD will ship its first rack-scale AI data center system, Helios, later this year.
- OpenAI and Meta have already committed to receiving shipments of AMD's Helios system.
- AMD and Intel are collaborating on an x86 instruction set, AI Compute Extensions, boosting compute density 16 times.
COMPANIES
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