Sou Hu Cai Jing·2025-05-07 13:09Group 1 - AMD reported a strong Q1 2025 performance with revenue of $7.438 billion, a year-over-year increase of 35.90%, exceeding market expectations of $7.13 billion [3] - The data center segment, which includes AI graphics and CPUs, generated $3.674 billion in revenue, up 57.21% year-over-year, with an operating margin of 23.37% [3] - AMD anticipates Q2 2025 revenue of approximately $7.4 billion, with a non-GAAP gross margin expected to be 43%, impacted by $800 million in inventory and related reserve costs due to new export controls [3] Group 2 - Supermicro's Q3 2025 revenue was $4.6 billion, a year-over-year increase of 19.48%, but significantly below market expectations of $5.42 billion [6] - Non-GAAP diluted earnings per share for Supermicro fell 53.03% year-over-year to $0.31, also below market expectations of $0.50 [6] - Supermicro lowered its full-year revenue guidance from $23.5 billion-$25 billion to $21.8 billion-$22.6 billion due to delayed customer deliveries and increased inventory reserves [6] Group 3 - The AI semiconductor industry faces challenges due to new tariffs and export controls, significantly impacting companies like Nvidia and AMD [8] - Nvidia's CEO indicated that being excluded from the Chinese AI market would result in substantial losses, as the Greater China region accounted for 39% of its revenue in FY2024 [8] - The uncertainty from U.S. policies and tariffs may lead clients to postpone expansion and technology upgrades, affecting the upstream supply chain, including companies like Supermicro [7][9]