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AMD’s AI chip exceeds sale expectations, as it reaches $1 billion last quarter

AMD has reported its financial results from the second quarter, says the Instinct MI300X GPUs accounts for over $1 billion.

AMD has reported its financial results from the second quarter, telling investors that the Instinct MI300X GPUs account for over $1 billion of its data center revenues. Unlike in previous years, nearly half of the company’s sales are related to data center products which is a huge shift for the business known for its semiconductors. “Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors.

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