Advanced Micro Devices (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California, that designs and produces microprocessors, graphics processors, and related technologies. Founded in 1969, AMD is one of the two dominant suppliers of x86-based CPUs alongside Intel.
Weeks of selling have erased more than $1 trillion from the biggest chip makers, and the main U.S. semiconductor index sits over 20% below its June peak. Record results are no longer enough to reassure investors, who are rethinking how quickly the AI building boom will turn into profit.
A recent run of large AI chip commitments has sharpened AMD's challenge to Nvidia. Tuesday's report is an early test of whether that momentum, and the MI450 ramp behind those deals, is turning into durable growth.