The Circuit EP 130: AMD Earnings Insights, AI Networking The New (not so new) Hot Segment, GPT 5!
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Aug 11, 2025 The discussion kicks off with AMD's impressive earnings, highlighting competitive challenges in the AI space. There's a deep dive into AI networking trends, focusing on key players reshaping the sector. The hosts explore the evolving roles of CPUs and GPUs in AI server architectures. They also analyze the significance of memory in enhancing AI model performance. Finally, the latest advancements in GPT-5 are unpacked, showcasing its collaborative design and the competitive landscape it's navigating.
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AMD Beats And Raises Guidance
- AMD reported a strong quarter and raised guidance.
- The market fixated on AMD's AI traction and China-related near-term concerns.
Gross Margin Dollars Matter More
- Jay Goldberg emphasized you can't take gross margin percentage to the bank.
- AMD may accept lower margin percentages while growing absolute revenue dollars.
AMD Timing For Scale-Out GPUs
- Ben Bajarin says AMD's Helios will be one generation behind Blackwell but arrive next year.
- That timing should let AMD compete in large clustered inference deployments.