AMD(US:AMD) Bloomberg Technologyยท2025-08-06 16:12Financial Performance & Growth - AMD's Q2 revenue increased by 32% year-over-year [2] - AMD projects Q3 revenue growth of 28% year-over-year [2] - AMD anticipates a stronger second half of the year [27] Data Center Business - Data center business is performing extremely well, with server CPUs gaining market share in cloud and enterprise [3] - AI investments from hyperscalers are driving both CPU and GPU revenue [3] - The total addressable market (TAM) for accelerators in the data center is expected to exceed $500 billion in the next few years [10] - AMD aims to capture a significant portion of the new accelerator TAM, targeting tens of billions of dollars in revenue [7][10] Accelerator Outlook - Accelerator growth will primarily drive data center performance in the second half of the year [8] - The MI350 product, launched in June, is highly competitive in terms of total cost of ownership for inferencing and training workloads [8][9] - AMD has accelerated its roadmap with an annual cadence, planning to release the MI400 series next year with full rack-level solutions [10][11] China Business & Regulations - There were concerns about the future of the China business [1] - AMD has seen improvements in shipping to China in the last 90 days, after initial expectations of being unable to ship due to regulations [13][14] - AMD has several licenses under review and expects them to move through the process, but has excluded potential China revenue from Q3 guidance due to uncertain timing [15] - AMD is closely monitoring the progress of domestic Chinese chip makers in the accelerator market [19][20] Product & Market Position - AMD sees strength in PCs and gaming, with well-positioned products for both consumer and commercial markets [4] - The embedded business is expected to return to growth in the second half of the year [5] - AMD is competitive in CPUs for both server and client markets, gaining traction in cloud and enterprise [24]