According to a report by Bank of America, AMD’s GPU and CPU business is expected to experience a significant surge driven by the AI and data center boom by 2024. The report highlights that AMD’s data center revenue could potentially triple from its current levels, reaching $5.7 billion by 2024. This growth is attributed to the increasing demand for AI and high-performance computing in data centers. AMD’s competitive pricing and strong product lineup, including the Instinct AI accelerators and EPYC server CPUs, position the company favorably to capture a larger share of the rapidly expanding AI and data center market. The report also suggests that AMD’s GPU business could benefit from the growing adoption of AI and machine learning applications across various industries. Overall, the report paints an optimistic picture for AMD’s future, with the company well-positioned to capitalize on the AI and data center boom in the coming years.
Source: https://www.businessinsider.com/amd-gpu-cpu-ai-data-center-boom-2024-10