AMD pulls up the release of its next-gen data center GPUs
During the company's Q4 2024 earnings call Tuesday, AMD CEO Lisa Su said AMD plans to sample the MI350 with "lead customers" this quarter and "accelerate" production shipments to "mid-year."
"So, we had previously stated that we thought we would launch [the MI350] in the second half of [2025]," Su said. "And frankly, that bring-up has come up better than we expected, and there's very strong customer demand, so we are actually going to pull that production ramp into the middle of the year, which improves our relative competitiveness."
AMD's data center revenue pales in comparison to rival Nvidia's, which regularly eclipses tens of billions of dollars per quarter. But AMD has gained ground in the last year, acquiring and retaining customers, including Meta, Microsoft, and IBM.
AMD says that sales of AMD Instinct chips reached over $5 billion in 2024, and the company expects its data center segment to grow "double digits" in 2025. Last year, data center revenue made up around half ($3.9 billion) of AMD's overall revenue ($7.1 billion), the company reported on Tuesday.
"I believe that the demand for AI compute is strong," Su continued. "[MI350] will be a catalyst for the data center GPU business … We see [the data center] business growing to tens of billions as we go through the next couple of years."
Investors seemed generally pleased with AMD's fourth-quarter results. The company's stock was up 4.58% as of publish time.
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