Jing Ji Ri Bao·2026-02-04 22:59Core Viewpoint - AMD reported strong quarterly earnings but provided guidance below market expectations, leading to an 11% drop in stock price. However, the CEO emphasized that AI business is expected to accelerate in the second half of the year, driven by the ramp-up of the MI450 AI chip and increasing demand in data centers [1][2]. Group 1: Financial Performance - AMD's revenue for the last quarter increased by 34% year-over-year to approximately $10.3 billion, surpassing market expectations of $9.7 billion [1]. - Adjusted earnings per share were $1.53, exceeding analyst forecasts [1]. - For the upcoming quarter, AMD forecasts revenue between $9.5 billion and $10.1 billion, which is above the external estimate of $9.38 billion [1]. Group 2: AI Business Outlook - AMD is set to significantly ramp up AI chip production in the second half of the year, with the MI450 series expected to start contributing to revenue in Q3 and scale up in Q4, continuing through 2027 [2]. - The company confirmed that the next-generation MI500 series will transition to a 2nm process by 2027, indicating a long-term commitment to advanced technology [2]. - The CEO noted that the AI trend is boosting demand not only for GPUs but also for CPUs, with strong demand for server CPUs driven by the expansion of infrastructure in large-scale data centers to meet increasing AI cloud service needs [2]. Group 3: Strategic Partnerships - AMD disclosed that its collaboration with OpenAI is progressing as planned, with a 6GW deployment set to gradually commence in the second half of this year, involving multiple cloud and data center customers showing high interest in the MI450 and complete cabinet solutions [2].