“We now expect Data Center GPU revenue to be approximately $400 million in the fourth quarter [of 2023] and exceed $2 billion in 2024 as revenue ramps throughout the year. This growth would make MI300 the fastest product to ramp to $1 billion in sales in AMD history.”

Lisa SuCEO

Chair and CEO, AMD

AMD beat the guidance by a wide margin: Su reported 'more than $5 billion of AMD Instinct accelerator revenue' for 2024, and MI300 became AMD's fastest product ramp ever, passing $1 billion in sales in under two quarters.