CompetitionDespite strengths, AMD is perceived as lagging behind NVIDIA in AI software capabilities.
Financial PerformanceRevenue associated with custom products and development services, primarily related to Gaming SoCs, decreased by 76% year over year in 3Q24.
Market DemandAMD guided 4Q24 revenue to $7.50 billion, below Consensus of $7.54 billion, due to lower-than-expected gaming segment demand.