AMD has presented itself as Intel’s nemesis by investing in and leveraging its chiplet platform to collaborate with customers more closely and iterate its products faster. The fact that Intel has retained more market share in CPU and PC segments is actually good news for AMD investors. With better products both at present and in the pipeline, AMD stands to capitalize on both expanding demand and stealing market share. Importantly, however, AMD had designed highly competitive CPU engines years before gaining traction in the marketplace. And today, AMD is pursuing the exact same strategy to gain market share in AI GPUs. Meanwhile, the market continues to grow impatient, with the stock down 9% the day after the recent earnings print. Meanwhile, in Q3 2024 AMD revised AI GPU sales guidance for FY2024 to $5B, having recently increased the guidance from $2B to $4.5B. Meanwhile, the Datacenter segment has begun exhibiting exponential growth, as per the graph below. Datacenter revenue accounted for 52% of total revenue this quarter, now AMD’s predominant source of revenue.