You'd be forgiven for thinking that a company called Advanced Micro Devices would make the majority of its profit from said tech, with coveted high-end graphic cards leading the charge. Though gaming hardware continues to do big business, it's been completely overshadowed in recent years by an explosion in demand for data centres handling AI.
In a recent earnings call, AMD revealed that revenue from the data centre side of the business had more than doubled, ultimately "contributing roughly 50% of annual revenue" in 2024 (via Seeking Alpha). Now, you may be asking 'Half of how much, though?' Well, EVP, CFO and Treasurer Jean Hu revealed that AMD saw a "record revenue of $25.8 billion" in 2024, attributing the gain to "94% growth in our data center segment and a 52% growth in our client segment."
