News Summary

AMD has announced plans to accelerate the release of its next-generation data center GPUs, the AMD Instinct MI350 series. Initially slated for launch in the latter half of 2025, the company now aims to sample the MI350 with lead customers this quarter and boost production shipments by mid-year. This strategic move is expected to enhance AMD’s competitive position against rival Nvidia and drive significant growth in its data center segment. In 2024, AMD’s data center revenue reached over $5 billion, with expectations for double-digit growth in 2025. The demand for AI compute is anticipated to drive this growth, potentially expanding the data center business to tens of billions in the coming years. The announcement has been well-received by investors, as reflected in a 4.58% increase in AMD’s stock price.