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AMD designs and produces microprocessors for the computer and consumer electronics industries. The majority of the firm’s sales are in the computer market via CPUs and GPUs. AMD acquired graphics processor and chipset maker ATI in 2006 in an effort to improve its positioning in the PC food chain.
AMD is benefiting from sales of its Ryzen and EPYC server processors, due to the increasing proliferation of Artificial Intelligence (AI) and Machine Learning (ML) in cloud gaming. Its acquisition Xilinx (NASDAQ:XLNX) is expected to boost its data center business. Management has also provided encouraging revenue guidance for this year.
