AMD ships Helios to Meta, OpenAI and Oracle, and nearly triples its accelerator forecast
Revenue rose 50 percent year over year with data centre CPU and GPU sales both doubling. AMD now sees $1.4 trillion coming from AI accelerators by 2028, up from a previous $500 billion. The stock fell in extended trading anyway.
Helios is the strategically important line. It is AMD's first rack-scale AI system, going to Meta, OpenAI and Oracle, and it moves the company from selling parts into selling the same complete systems NVIDIA sells. Competing at the rack rather than the chip is where the margin and the lock-in both live.
The forecast revision is the number to hold at arm's length. Going from $500 billion to $1.4 trillion for 2028 accelerator spend is a near-tripling of a projection about a market three years out, and it is being made by a company whose valuation depends on that market existing.
Which is roughly what the market concluded. A 50 percent revenue increase with both data centre lines doubling is an unambiguously strong quarter, and the stock fell because the result landed below the more optimistic estimates. Guidance of 80 percent server growth in the second half and over 70 percent for 2027 was not enough either.
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