Revenue up by 18 percent YoY, but investors are not happy

AMD has reported its third quarter 2024 financial results, reporting a revenue of $6.8 billion, an increase of 18 percent year-over-year, and strong growth in gross and operating profit and margin, and earnings per share. The company is on track to deliver its record annual revenue this year, and all thanks to strong Data Center and Client segments.

The 3nm CDNA 4-based MI355X with 288GB HBM3E comes H2 2025

In addition to the Instinct MI325X AI Accelerator, AMD also updated its AMD Instinct roadmap and previewed the upcoming Instinct MI355X AI Accelerator at its Advance AI event held earlier. Based on CDNA 4 architecture and made on 3nm manufacturing process, the Instinct MI355X will bring 288GB of HMB3E memory and continue AMD's Instinct push next year, acting as a stepping stone before CNDA Next MI400 Series which comes in 2026.

With 256GB HBM3E memory and 2.6 PFLOPs of FP8 compute performance

At its Advancing AI event, AMD announced its newest Instinct MI300X series accelerator, the Instinct MI325X. The new AI accelerator is based on CDNA 3 architecture, packs 153 billion transistors, comes with 256GB of HBM3E memory on 16-Hi stacks with up to 6TB/s of memory bandwidth, and offering 2.6 PFLOPs or FP8 and 1.3 PFLOPs of FP16 performance.

Instinct MI325X, 5th Gen EPYC, and Ryzen AI PRO 300

AMD has officially announced its "Advancing AI 2024" event for October 10th, which will be held in-person and live-streamed as well, where the company is expected to showcase its next-generation AMD Instinct accelerators and 5th Gen EPYC server processors, new Networking and AI PC updates and more.

MLCommons benchmarks are in

MLCommons has released benchmarks comparing AMD's Instinct MI300X GPU with Nvidia's Hopper H100, H200, and Blackwell B200 GPUs.

Beats expectations with record revenue in the Data Center segment

AMD has officially announced its financial results for the second quarter of 2024, reporting a revenue of $5.8 billion with a gross margin of 49 percent. AMD managed to beat expectations, with up to 9 percent higher revenue and 3 points higher gross margin, compared to the last year. The clear winner was its Data Center segment, reporting an increase of 115 percent, driven by AMD Instinct GPU and 4th gen EPYC CPU sales.

Claims significant lead over Nvidia in AI

AMD launched its Instinct MI300X AI accelerator and the Instinct MI300A data center APU at its Advancing AI event in San Jose, California, claiming a lead over Nvidia in certain AI workloads.

Moving to AMD's Instinct MI300X

Meta, OpenAI, and Microsoft told an AMD investor event today that they will use AMD's newest AI chip, the Instinct MI300X, as an alternative to Nvidia's expensive graphic processors.

AMD's new 29b transistor 6nm CDNA 2 GPU

In addition to the CPU announcements, a big part of AMD's Accelerated Data Center keynote was focused on the new AMD Instinct MI200 series accelerators. Based on the new CDNA 2 GPU architecture, this dual-GPU accelerator claims the world's first exascale-class GPU.

RayTrace render demo

None other than Lisa Su, the fearless leader of AMD, has announced the Vega 7nm and just as Fudzilla reported a few months back this is a Radeon instinct only and it won’t make it to a gaming part. David Wang the SVP Engineering Radeon Technologies Group went into a few more details.