tech
AMD’s data center business is booming while gaming takes a backseat
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TL;DR
- AMD's data center revenue reached $6.7 billion, more than doubling year-over-year.
- The company expects data center revenue to more than double again by 2027.
- Gaming revenue declined 31% year-over-year to $779 million.
- Price hikes and component shortages impacted sales of consoles and the Steam Deck.
- Overall company revenue increased 50% year-over-year to a record $11.5 billion.
- Client revenue, boosted by Ryzen processors, grew 23%.