On July 30, AMD announced its second-quarter financial results (ending June 29), with profits exceeding Wall Street expectations. According to a report from TechNews, the most notable highlight is that nearly half of AMD’s sales now come from data center products, rather than from PC chips, gaming consoles, or industrial and automotive embedded chips.

AMD’s growth this quarter is may attribute to the MI300 accelerator. AMD CEO Lisa Su highlighted that the company’s chip sales for the quarter just surpassed USD 1 billion, with contributions also coming from EPYC CPUs.

As per a report from The Verge, AMD is following a similar path as NVIDIA, producing new AI chips annually and accelerating all R&D efforts to maintain a competitive edge. During the earnings call, AMD reaffirmed that the MI325X will launch in Q4 of this year, followed by the next-generation MI350 next year, and the MI400 in 2026.

Lisa Su emphasized that the MI350 should be very competitive compared to NVIDIA’s Blackwell. NVIDIA launched its most powerful AI chip, Blackwell, in March of this year and has recently started providing samples to buyers.

Regarding the MI300, Su noted that while AMD is striving to sell as many products as possible and the supply chain is improving, supply is still expected to be tight until 2025.