AMD’s data center revenue doubles to $7B as gaming sales decline

AMD just posted a quarter that tells you everything you need to know about where the money is moving in tech. The company’s data center segment hit $6.7 billion in revenue, more than doubling the $3.2 billion it reported for the same period a year ago. That 107% year-over-year jump is the kind of number that makes Wall Street analysts spill their coffee. Meanwhile, the gaming division went the other direction. Revenue fell 31% compared to last year, landing at $779 million as price hikes and component shortages hammered console sales for Xbox Series X/S, PS5, and the Steam Deck. The AI gravity well pulls everything in Here’s the thing about AMD’s data center surge: it’s not just traditional cloud companies buying chips. The demand for EPYC processors and Instinct GPUs is being driven by an AI infrastructure buildout that has begun pulling in some unexpected players, specifically former Bitcoin miners. Core Scientific, once known primarily as a proof-of-work mining operation, signed a 15-year agreement with AMD in July 2026 covering 529 MW of AI infrastructure. That deal alone could generate approximately $14 billion in revenue over its lifetime. Core Scientific isn’t alone, either....