$AMD(AMD)$ $AMD conference call summary: Data center segment revenue grew 80% and we now have more than 100 enterprise and AI customers deploying Mi300X. Demand remains really strong, and consequently, we now expect 2024 data center revenue to exceed $4 billion, up from our prior guidance of $3.5 billion. We are tight on supply, and we could do better if we had more supply. We believe the overall market is returning to growth in 2024 on an enterprise refresh cycle and AI PC adoption. We expect Embedded segment revenue to be flat sequentially, but to recover in the second half of the year. Gaming is weak and is likely to remain weak with the second half expected to be worse than the first half.
“While there has been significant growth in AI infrastructure buildouts, we are still in the very early stages of what we believe is going to be a period of sustained growth.” We have our next-generation GPU in the works.
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