San Francisco, California – Advanced Micro Devices, Inc. participated in the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference on May 21, 2024. The Executive Vice President & Chief Financial Officer, Jean Hu, discussed various aspects of the company’s performance at the event.
At the conference, AMD highlighted its partnership with Microsoft at the Build event, focusing on the launch of the MI300 GPU platform. This partnership showcased the capabilities of AMD’s MI300X and ROCm software in powering Microsoft’s virtual machines for various workloads, including both internal and third-party tasks.
The announcement at the Microsoft Build conference emphasized the importance of AI PC in powering applications like ChatGPT and demonstrated the efficiency and competitive performance of AMD’s hardware and software solutions. The collaboration with Microsoft further solidified AMD’s position in the market for powering AI applications.
Furthermore, AMD discussed its strong performance in the data center business, expecting significant growth in the server segment driven by the adoption of Genoa, Bergamo, and other processors. The company’s focus on providing the best Total Cost of Ownership (TCO) for customers has led to substantial market share gains in the server CPU segment.
In the client PC market, AMD highlighted its success with the Ryzen 8000 processors and its innovative approach to AI PC technology. The company’s product and technology leadership in this space is driving growth and market share gains in the PC segment.
On the topic of AI and accelerated computing, AMD shared insights into the rapid ramp of the MI300 platform and the strong demand for GPU products. The company’s focus on providing the best performance and TCO for customers has resulted in significant revenue growth and supply commitments to meet rising demands.
AMD also addressed the competition in the market, particularly in the data center GPU space, highlighting its multi-year roadmap and consistent focus on performance per watt and performance per dollar metrics. The company remains confident in its ability to provide competitive solutions and drive revenue growth in this segment.
Additionally, the discussion touched on the importance of software in the market and AMD’s investments in the ROCm software framework to support AI applications. The company’s efforts to scale its software ecosystem and deepen support for AI applications are critical in meeting customer demands and driving business growth.
In conclusion, AMD expressed confidence in its long-term growth prospects, driven by its strategic partnerships, technological innovation, and focus on providing value to customers. The company’s strong performance in various market segments positions it well for continued success and market expansion in the future.
Discover the Latest Insights from Weitz Conservative Allocation Fund Q4 2024 Commentary – What You Need to Know Now!
Boston, Massachusetts – The Weitz Conservative Allocation Fund released its fourth-quarter 2024 commentary showcasing impressive performance in a challenging market environment. Managed by a team of experienced professionals, the fund delivered solid returns to investors despite economic uncertainties. The commentary highlighted the fund’s ability to navigate volatile market conditions and generate positive results for shareholders. With a diversified portfolio that includes a mix of equities and fixed-income securities, the Weitz Conservative Allocation Fund demonstrated resilience and adaptability throughout the quarter. In a year marked by ... Read more