AMD has announced it will release its next-generation data centre GPUs, the Instinct MI350 series, earlier than originally planned. CEO Lisa Su revealed during the company's Q4 2024 earnings call that strong demand and smooth development have allowed AMD to move up production to mid-2025, rather than the latter half of the year.
The move comes as AMD looks to gain ground on industry leader Nvidia, whose dominance in the data centre market continues to pose a challenge. Despite this, AMD's Instinct GPU sales surpassed$5 billion in 2024, and the company expects its data centre division to see double-digit growth in 2025. Major customers such as Meta, Microsoft, and IBM have contributed to AMD's momentum in the AI computing sector.
Su expressed confidence in the expansion of AMD's data centre business, forecasting substantial growth in AI-related computing over the coming years. Investors responded positively to the announcement, with AMD's stock rising by over 4% following the earnings report.
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