AMD's AI Data Center Business Booms: CEO Says It's 'Closed A Good Part Of That Gap' With Nvidia

Advanced Micro Devices, Inc. (NASDAQ:AMD) CEO Lisa Su provided a deeper look into the future of AMD's data center AI business during the company's earnings call on Tuesday and shared her view on competition in the market. 

The Details: AMD reported strong growth in its Data Center segment operating income which more than tripled compared to the prior year and accounted for 52% of total revenue in the third quarter. 

On the company's post-earnings conference call, Su highlighted partnerships with major AI players Meta, Microsoft, Oracle and others and projected sales to exceed $5 billion for the year. Su attributed the growth to the ramp of AI data center GPU revenue "as MI300X adoption expanded with cloud, OEM, and AI customers."

"Look, we’ve been extremely pleased ...