Market share rapidly increased to 30%! AMD will continue to focus on data center infrastructure
As a provider of data center infrastructure, AMD's market share has rapidly increased to 30%, with second-quarter data center revenue growing by 115% year-on-year to a record $28 billion, accounting for 50% of total revenue. AMD plans to acquire ZT Systems to enhance its capabilities in large-scale computing and artificial intelligence. CEO Su Zifeng stated that AI technology brings tremendous opportunities, and expects the demand for AI personal computers to rebound in 2025
According to the information obtained from Zhitong Finance and Economics APP, data shows that as a data center infrastructure provider, AMD's (AMD.US) market share has increased from single digits to around 30% in just a few years. The second-quarter financial report released at the end of July showed that the revenue of the data center department increased by 115% year-on-year to a record $2.8 billion, accounting for over 50% of the total revenue. AMD also announced last month that it will acquire ZT Systems, further enhancing its capabilities to provide infrastructure for large-scale computing and artificial intelligence.
AMD CEO Lisa Su stated at a Goldman Sachs event on Monday, "Artificial intelligence technology is indeed a once-in-50-years thing, so we must invest. We see the huge opportunity in front of us." "This is a computer super cycle. No player or architecture can dominate the market. We have been striving to become the best computing partner in this ecosystem."
Regarding artificial intelligence, Lisa Su mentioned that she expects the adoption of AI personal computers to rebound in 2025. She said that some investors mistakenly believe that the demand for AI personal computers will explode in 2024. She stated, "I believe we are at the beginning of a multi-year cycle for AI personal computers." "Next year, when you talk about business refresh cycles, AI personal computers will be a part of it."