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Advanced Micro Devices, Inc. (NASDAQ: AMD), headquartered in Santa Clara, California, is a pioneering multinational semiconductor company specializing in the development of high-performance CPUs, GPUs, and related technologies for both business and consumer markets. AMD designs advanced digital semiconductors for diverse applications, including PCs, gaming consoles, data centers, industrial, and automotive sectors. Historically known for its innovations in CPUs and GPUs, AMD's technology powers devices ranging from personal computers to the high-performing game consoles of Sony PlayStation and Microsoft Xbox.
In 2022, AMD made a strategic acquisition of Xilinx, known for its leadership in field-programmable gate arrays (FPGAs), broadening AMD's product offerings and market opportunities, particularly in data centers and automotive industries. The integration of Xilinx has fortified AMD's portfolio, enabling the delivery of adaptive and scalable solutions.
AMD's first-quarter financial results for 2024 highlighted a revenue of $5.5 billion, a gross margin of 47%, and operating income of $36 million. The non-GAAP gross margin stood at 52%, with a net income of $1.0 billion and diluted earnings per share of $0.62. Significant year-over-year growth in the Data Center and Client segments, driven by the adoption of Ryzen and EPYC processors and the ramp of MI300 AI accelerators, underpinned these results.
Notable achievements include record revenue in the Data Center segment, which saw an 80% year-over-year increase, and a robust portfolio expansion with the launch of new AI solutions for various markets. AMD's partnerships with tech giants like Lenovo, Dell Technologies, and Supermicro underscore its commitment to advancing AI capabilities across cloud, enterprise, and embedded systems. The introduction of the AMD Ryzen PRO and Versal Series Gen 2 devices further showcases AMD's innovation in AI and edge computing.
AMD's outlook for the second quarter of 2024 projects a revenue of approximately $5.7 billion, with continued growth and margin improvement on the horizon. The company remains focused on leveraging AI opportunities to drive future growth.
In recent developments, AMD's collaboration with Optiver highlights the deployment of AMD's high-performance compute solutions, including EPYC CPUs and Alveo accelerators, to enhance financial market infrastructures. Furthermore, AMD's recognition with the IEEE Corporate Innovation Award reflects its pioneering work in chiplet architecture and high-performance computing, emphasizing its leadership in the semiconductor industry.
AMD has unveiled the new Ryzen 7 9800X3D desktop processor, featuring the 'Zen 5' architecture and 2nd Gen AMD 3D V-Cache technology. The processor delivers up to 8% better gaming performance compared to the previous generation and up to 20% faster than competitors. Key specifications include 8 cores, 16 threads, 4.7 GHz base clock, 5.2 GHz max boost clock, 104MB total cache, and 120W TDP, priced at $479.
The innovative design relocates the 64MB cache memory below the processor, bringing the core complex die closer to the cooling solution. This is AMD's first fully unlocked X3D processor, allowing for extreme overclocking capabilities.
AMD reported strong Q3 2024 financial results with revenue of $6.8 billion, up 18% year-over-year. The company achieved a gross margin of 50% GAAP (54% non-GAAP), with net income reaching $771 million GAAP ($1.5 billion non-GAAP). Data Center segment hit record revenue of $3.5 billion, up 122% year-over-year, driven by strong AMD Instinct GPU and EPYC CPU sales. Client segment revenue grew 29% to $1.9 billion, while Gaming segment declined 69% to $462 million. The company is on track for record annual revenue in 2024, supported by growth in Data Center and Client segments.
AMD has announced it will report its fiscal third quarter 2024 financial results on Tuesday, Oct. 29, 2024, after the market closes. The company will hold a conference call at 5:00 p.m. EDT / 2:00 p.m. PDT to discuss these results. Interested parties can listen to the webcast of the conference call through the AMD Investor Relations website at ir.amd.com.
Intel (INTC) and AMD have announced the formation of an x86 ecosystem advisory group to shape the future of computing architecture. The group aims to enhance compatibility, simplify software development, and identify architectural needs for innovative solutions. Key tech leaders including Broadcom, Dell, Google, HPE, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat have joined as founding members.
The initiative seeks to expand the x86 ecosystem by enabling cross-platform compatibility and providing developers with a platform to create scalable solutions. The group will focus on unifying instruction sets and architectural interfaces to enhance compatibility and consistency across x86 product offerings. This collaboration is expected to benefit customers by accelerating the adoption of new features and simplifying architectural guidelines.
AMD has launched the Alveo UL3422 accelerator card, the latest addition to its family of accelerators for ultra-low latency electronic trading applications. This new card provides:
1. A slim form factor optimized for rack space and cost-effective deployment
2. Ultra-low latency performance with less than 3ns FPGA transceiver latency
3. Powered by an AMD Virtex UltraScale+ FPGA
4. Designed for a fast path to deployment in a wide range of servers
The Alveo UL3422 is half the size of its predecessor, the UL3524, while maintaining equivalent performance. It's supported by ecosystem partners like Exegy, Hypertec, and Xelera Technologies, offering various solutions for rapid implementation of trading strategies. The card is currently available and shipping in production volumes to global financial services customers.
AMD has unveiled its third generation commercial AI mobile processors, the Ryzen AI PRO 300 Series. These processors are designed to enhance business productivity with Copilot+ features and offer up to three times the AI performance of the previous generation. Key features include:
- Industry-leading AI compute with up to 50+ NPU TOPS
- New AMD 'Zen 5' architecture for outstanding CPU performance
- Built on a 4nm process with innovative power management
- Extended battery life for sustained performance
- AMD PRO Technologies for enhanced security and manageability
The top-of-stack Ryzen AI 9 HX PRO 375 offers up to 40% higher performance and 14% faster productivity performance compared to Intel's Core Ultra 7 165U. OEM partners are expected to launch systems powered by these processors later this year, with over 100 Ryzen AI PRO PCs projected to launch through 2025.
AMD has announced new accelerator and networking solutions for AI infrastructure: AMD Instinct MI325X accelerators, AMD Pensando Pollara 400 NIC, and AMD Pensando Salina DPU. The Instinct MI325X offers 256GB of HBM3E memory with 6.0TB/s bandwidth, providing 1.8X more capacity and 1.3x more bandwidth than the H200. It delivers up to 1.4X inference performance on various AI models compared to competitors.
AMD also previewed the Instinct MI350 series, promising a 35x improvement in inference performance. The Pensando Salina DPU offers 2X performance over its predecessor, while the Pollara 400 is the industry's first UEC-ready AI NIC. AMD's ROCm 6.2 software stack now includes support for FP8 datatype, Flash Attention 3, and Kernel Fusion, delivering up to 2.4X performance improvement on inference.
AMD has launched its 5th Gen AMD EPYC™ processors, codenamed 'Turin', offering world-leading performance for enterprise, AI, and cloud computing. The new processors, based on the 'Zen 5' core architecture, are compatible with the SP5 platform and offer core counts from 8 to 192. The top-of-the-line 192-core CPU delivers up to 2.7X the performance compared to competitors.
Key features include:
- Up to 17% better instructions per clock (IPC) for enterprise and cloud workloads
- Up to 37% higher IPC in AI and high-performance computing
- New 64-core AMD EPYC 9575F processor for GPU-powered AI solutions
- Significant performance improvements in real-world applications
- Support from major OEMs and cloud service providers
The processors aim to provide leadership performance and capabilities for a broad spectrum of server workloads, including AI-enablement initiatives and business-critical applications.
AMD unveiled its latest high-performance computing solutions for the AI era at Advancing AI 2024 in San Francisco. The company launched 5th Gen AMD EPYC processors, AMD Instinct MI325X accelerators, next-gen networking solutions, and AMD Ryzen AI PRO processors for enterprise AI at scale.
Key announcements include:
- New AMD EPYC 9005 Series processors with up to 192 cores
- AMD Instinct MI325X accelerators for demanding AI workloads
- Expanded high-performance networking portfolio
- AMD Ryzen AI PRO 300 Series processors for enterprise AI PCs
AMD also showcased partnerships with major tech companies and AI leaders, highlighting the deployment of AMD solutions at scale and the growth of the AMD ROCm open-source AI software ecosystem.
AMD announced that Oracle Cloud Infrastructure (OCI) has chosen AMD Instinct™ MI300X accelerators with ROCm™ open software to power its newest OCI Compute Supercluster instance, BM.GPU.MI300X.8. The OCI Supercluster with AMD MI300X supports up to 16,384 GPUs in a single cluster, designed for demanding AI workloads including large language model (LLM) inference and training.
These OCI bare metal instances have been adopted by companies like Fireworks AI. The AMD Instinct MI300X underwent extensive testing, validated by OCI, showcasing its AI inferencing and training capabilities for latency-optimal use cases and the ability to fit the largest LLM models in a single node. Fireworks AI is leveraging the performance benefits of OCI using AMD Instinct MI300X for their fast platform designed to build and deploy generative AI.
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