Catastrophic Drop in AMD Graphics Card Sales as NVIDIA Strengthens Market Hold

AMD's latest quarterly report for the first three months of 2024 reveals a significant decline in graphics card sales. According to the report, sales decreased by 48% year-over-year and by 33% compared to the last quarter of 2023. This decline is attributed to NVIDIA's increased market dominance, particularly among Steam users, where NVIDIA's graphics cards continue to hold top popularity positions.

AMD's CFO, Jean Hu, expressed serious concerns about the ongoing sales decline and acknowledged that the outlook for the second half of 2024 also looks bleak for the company's gaming segment. Despite poor performance in the graphics card production, AMD is hoping to improve its overall financial results through increased sales of processors and server solutions, as well as products for artificial intelligence systems, which continue to perform well.

In this context, AMD is striving to diversify its product lineup and strengthen positions in other technology segments to offset the losses from declining graphics card sales. The company is focusing on innovation and the development of new products that could attract consumers and restore competitiveness in the graphics processor market.