Another company within our interest to learn about their performance in last quarter is AMD, makers of CPUs Ryzen and GPUs Radeon, another top choice for PC gaming purposes and precisely, it is a well-known market that has some volatility.

AMD reported that in Q2 2023 made $5.36 billion of revenue and while it is 18% less compared to last year, Wall Street was expecting actually $5.31 billion with net income of $27 million.

The Ryzen maker is facing the hardship that the PC market is in general and pretty much their positives landed on the high-end graphics processing units (GPUs) needed for artificial intelligence, which is on the other hand another headache for main competitor Intel.

CEO Lisa Su confirmed to investors in their conference that AMD plans to invest more in their opportunity for the AI business and complementing Data Centers and High Computing business to be a significant growth driver for AMD.

AMD’s client group, which includes sales from PC processors, dropped a massive 54% year over year to $998 million because of a “weaker PC market,” it said. AMD noted that market conditions are improving.

Much on par with Intle told itś investors and it seems that both companies are foreseeing a light at the end of the tunnel in the post-pandemic decline of PC market.

For gamers, AMD appears to be preparing for some Fall 2023 Radeon GPU refresh which could mean that we are ready for next generation Radeon and Big Navi architecture by the end of 2024, but this is just me speculating based on the last 4 years.