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AMD sells $1 billion worth of AI chips and CPU sales are up but its gaming graphics continues to struggle | CPT PPP Coverage

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AMD sells $1 billion worth of AI chips and CPU sales are up but its gaming graphics continues to struggle appeared on www.pcgamer.com by Jeremy Laird.

Sales of AMD’s new AI chips are going gangbusters. Well, relatively speaking. AMD’s latest results for the second quarter of this year showed that the company flogged roughly $1 billion’s worth of its Instinct MI300 AI GPUs in the quarter, up from pretty much zero for the same class of hardware a year ago.

Overall, AMD’s revenues were up 9% to $5.8 billion compared to the same period last year. Of course, the relative bit arrives when you compare all that with Nvidia’s AI GPU sales, which came in at roughly $20 billion for the first quarter of 2024. So, AMD has done well to get a foothold in the mega-profitable AI GPU market. But it’s still miles behind Nvidia.

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