Advanced Micro Devices (AMD) secured major AI GPU supply agreements with OpenAI and Meta. The company reported strong momentum for its HELIOS platform designed for data center workloads.
AMD's data center segment now accounts for more than 50% of total sales. This shift moves the primary revenue driver from PCs and gaming to AI and cloud infrastructure.
AMD shares fell 2.7% in pre-market trading. This decline occurred amid a broader sell-off in semiconductor stocks.