AMD’s datacenter business is booming while gaming takes a backseat

Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its latest earnings report , reaching $6.7 billion. That's up from $5.8 billion in Q1 , and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. At the same time, AMD's gaming revenue fell 31 percent compared to last year, to $779 million, as price hikes and component shortages slowed sales for the Xbox Series X / S, PS5, and Valve's Steam Deck.