The external media review stated that, following the warming of discussions around AI foams, AMD was able to reduce stock price volatility by using game operations as a market focus. The article concludes that, in view of the current revenue structure, it is difficult for the business to assume a buffer when AI needs fall.

Data centres are growing faster

AMD also covers the CPU and GPU markets, which used to be more closely linked to the game industry. But with the drive of the Generating AI, GPU has become an important hardware for training and running large models, and AMD is adding an AI chip to compete with Nvidia.

According to the article, if the investment heat of AI is significantly cooled, the GPU demand for AI may be charged first. While some of the chip demand may flow back to traditional scenarios such as games, many processors are themselves AI load designs and may not be able to move smoothly to other markets.

Game business down the same time

The article quoted AMD ' s second quarter financial report stating that the company had received $11.5 billion during the season, a 50 per cent increase over the same period. Of these, AI data centre operating income was close to 107 per cent over the same period, the most significant source of growth.

By contrast, the income from game operations declined by 31 per cent over the same period to less than $800 million. Based on this set of data, it is difficult for the board to cover the impact of the slowdown in AI-related business, both in volume and rate of growth.

  • Second quarter collection: $11.5 billion
  • Data centre income per year: increase of nearly 107 per cent
  • Game business income per year: down 31%

Share price support still depends on AI business

According to this article, AMD is now more dependent on AI-related business for growth, rather than playing board to provide stable support. If the expectations of the market for AI industrial chains are weaker, investors are more likely to reassess the sustainability of the growth of data centre operations.

The commentary also mentions that market concerns about the AI bubble are not new, and that in the discussions, the names of prominent viewers such as Michael Burry appear. However, the core of the article is still based on AMD's latest disclosure of business data rather than on a single market emotional judgement.