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 …
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.
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