back to article AMD hopes for rebound in the second half of the year as Q2 profits plunge 94%

AMD crawled back to profitability in the second quarter of 2023, reporting net income of $27 million – a drop of 94 percent from this time last year, but a sight better than the $139 million loss the chipmaker sustained in Q1. The fabless chip design outfit's revenues also took a hit in Q2, falling 18 percent year-over-year to …

  1. Anonymous Coward
    Anonymous Coward

    Don't worry, AI will fix everything, predicts CEO Lisa Su

    Did Chat GPT say that ?

  2. chuckufarley Silver badge

    June is it?

    AI is an area of particular interest for AMD, which recently detailed its MI300-series GPUs and APUs during its datacenter event in June. According to Su, the announcements have attracted a fair bit of interest in AMD's AI roadmap and drove a seven-fold increase in customer engagements compared to Q1.

    That was before LK-99.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like