AMD just outsold Intel in the data center space for the first time ever

Date:
Thu, 07 Nov 2024 14:02:00 +0000

Description:
AMDs data center revenue tops Intel, which had a bad quarter all round.

FULL STORY ======================================================================AMD
data center revenue has officially passed that of rival Intel Intels revenue down year-on-year, but hopes next quarter should be better Nvidia remains the market leader for AI chips by a long shot

AMD has overtaken Intel in the data center CPU market for the first time ever as both firms battle for leadership in what has become a highly lucrative
area thanks to the computational needs of new AI tools .

New SemiAnalysis research claims AMDs data center segment revenue reached $3.549 billion in the third quarter of 2024, a slight touch above Intels $3.3 billion figure for the same period.

While the upward trend marks a positive point for AMD, its total data center revenue is still below Nvidias networking revenue alone. Early to the market, Nvidia has profited off the AI boom and now has a market cap of more than $3 trillion, making it one of just three companies to have crossed that line. AMDs data center revenue is more than Intels

The news comes as Intel continues to struggle financially, following several rounds of layoffs and other cost-cutting measures.

This is despite Intels Xeon processors being synonymous with data centers, powering many of the worlds servers. Increased pressure from AMD, with its EPYC processors, is adding to the financial stress at Intel.

Its also worth noting AMDs top-tier 96-core EPYC 6979P processor costs around $11,800, or $6,000 less than Intels flagship 128-core Xeon 6980P Granite Rapids processor. The added cost-effectiveness has undoubtedly played into data center operators purchasing decisions.

Intel recently confirmed quarterly revenue of $13.3 billion, down 6% from the $14.2 billion in revenue it made one year before. The decline was
anticipated, though, and CEO Pat Gelsinger indicated satisfaction with the companys solid progress to drive operational efficiency.

The company expects around $13.3 billion in revenue next quarter at the low point, and $14.3 billion at the high point. You might also like Check out the best servers for small businesses Weve rounded up a list of the best processors for your next upgrade Intel confirms plans to lay off 15,000 employees following poor 2024 performance



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Link to news story: https://www.techradar.com/pro/amd-just-outsold-intel-in-the-data-center-space- for-the-first-time-ever


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