AMD sees AI revenue soar as Instinct MI300 GPU already rivals CPU division sales
AMD's recently launched Instinct MI300 GPU has quickly become a massive revenue driver for the company, rivaling its entire CPU business in sales.
What just happened? AMD's Instinct MI300 has quickly established itself as a major player in the AI accelerator market, driving significant revenue growth. While it can't hope to match Nvidia's dominant market position, AMD's progress indicates a promising future in the AI hardware sector.
AMD's recently launched Instinct MI300 GPU has quickly become a massive revenue driver for the company, rivaling its entire CPU business in sales. It is a significant milestone for AMD in the competitive AI hardware market, where it has traditionally lagged behind industry leader Nvidia.
During the company's latest earnings call, AMD CEO Lisa Su said that the data center GPU business, primarily driven by the Instinct MI300, has exceeded initial expectations. "We're actually seeing now our [AI] GPU business really approaching the scale of our CPU business," she said.
This achievement is particularly noteworthy given that AMD's CPU business encompasses a wide range of products for servers, cloud computing, desktop PCs, and laptops.
The Instinct MI300, introduced in November 2023, represents AMD's first truly competitive GPU for AI inferencing and training workloads. Despite its relatively recent launch, the MI300 has quickly gained traction in the market.