【Earnings Highlights and Outlook】 - Revenue: $6.8 billion, up 18% year-over-year, driven by strong Data Center and Client segment performance. - Gross Margin: 54%, up 250 basis points year-over-year. - Data Center Segment: Revenue more than doubled year-over-year, accounting for 52% of total revenue. - Q4 Outlook: Revenue projected at approximately $7.5 billion, up 22% year-over-year. 【Q&A Highlights】 Q1: Update on Data Center GPU business and outlook. - Data Center GPU (Instinct) had a strong Q3, completing important customer milestones. - Full-year guidance for Data Center GPU raised from exceeding $4.5 billion to exceeding $5 billion. - Momentum with cloud customers like Microsoft and Meta, who are expanding their use of MI300X accelerators. - Working with customers to optimize workloads, expecting good opportunities in coming quarters. Q2: Gross margin drivers and potential headwinds. - Data Center business growth is the primary driver of gross margin improvement. - Enterprise server business expansion is beneficial for gross margins. - Embedded business recovery will help margins over time. - Focus on operational efficiency and economies of scale to improve margins. Q3: Supply chain evolution for GPU production. - Supply chain has ramped up well over recent quarters. - Tight supply environment, but AMD has secured capacity across the supply chain. - Planned for significant growth into 2025, feeling confident about supply chain capability. Q4: Server market dynamics and AMD's position. - Strong growth in both cloud and enterprise segments. - Gaining market share in enterprise, with accelerated wins. - Positive outlook for 2025 with new product launches (5th gen EPYC, Bergamo). Q5: PC market trends and AMD's strategy. - PC market showing signs of stabilization. - Strong performance in desktop channel and premium notebooks. - Focus on expanding presence in commercial PC market. Q6: Data Center GPU customer base and workload expansion. - Expanding beyond initial large cloud customers. - Growth in both training and inference workloads. - Expecting a balanced portfolio between training and inference within a year. Q7: Enterprise server business growth and trends in China. - Double-digit growth in enterprise server business for five consecutive quarters. - Opportunities in China, particularly in the cloud segment. - New product launches (Genoa-X, Bergamo) expected to drive growth in 2025. Q8: Data Center GPU revenue clarification for Q4 and 2024. - Data Center GPU revenue to exceed $5 billion for the full year 2024. - Q4 expected to be strong, but exact quarterly distribution may vary. Q9: Challenges in becoming a major player in the AI chip market. - Focus on software ecosystem development and expanding customer engagements. - Balancing growth and profitability, with Data Center segment operating income tripling year-over-year. Overall, AMD reported strong growth in its Data Center segment, driven by both CPU and GPU sales. The company is gaining momentum in the AI market with its Instinct GPUs and sees significant opportunities for growth in 2025 and beyond. AMD is balancing market share gains with profitability improvement and continues to invest in R&D and go-to-market activities to support its long-term growth strategy.