AMD - Is the AI catalyst finally here?

When it last released its previous quarterly results, there were little to no insights on how it would capitalize on the AI boom.

Even though it is easily one of the largest GPU designers.

In Q2'23 results, would likely highlight this topic again. Share prices actually rally even though some misses in its results.

Revenue declined 18% YoY as client segment revenue dipped.

Client segment revenue continues to be impacted by the weaker PC market and the inventory correction persisted.

Lower revenue would most of the time lead to lower earnings per share as well.

EPS for Q2'23 was just USD 0.02 due to the ongoing affected PC sales market.

Quoted by Lisa Su, CEO of AMD, claims that AI will be a significant PC demand driver and other large software providers.

Even though AI has made the news headline since early this year, its application is still very much in the nascent phase.

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