J P M O R G A N North America Equity Research 06 August 2025 Advanced Micro Devices Solid 2Q Results And 3Q Outlook; Next-Gen AI GPU (MI350 Series) Ramping With Strong Shipments In 2H AMD reported strong Jun-Qtr revenue results (4% better than guidance) with margins/EPS in-line with expectations. Better revenues were driven by stronger client/gaming revenues and slightly better datacenter revenues (AI GPU was down Q/Q as expected due to China restrictions, and EPYC server CPU revenues grew Q/Q to record lev ...