Chips and hardwareUpdated November 4

AMD’s data-center revenue nearly doubled to a record $8.5 billion.

AMD’s Q3 revenue hit a record $13.4 billion, up 45% year over year. Data centers posted the sharper jump: revenue there climbed 97% to a record $8.5 billion. AMD attributes the growth to demand for its EPYC enterprise server CPUs and the launch of its Instinct MI450 GPUs. The company says accelerating growth in that segment is primarily driving its Q4 outlook; the forecast’s midpoint implies about 66% year-over-year revenue growth. So this isn’t just a standout Q3 number: it’s the business AMD points to when explaining what could power the next quarter.

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Coverage started November 4