| Constellation Research

Intel defends Gaudi 3 as it misses 2024 sales targets

Editor in Chief of Constellation Insights
Constellation Research

Larry Dignan is Editor in Chief of Constellation Insights at Constellation Research, where he leads editorial coverage focused on enterprise technology, digital transformation, and emerging trends shaping the future of business. He oversees research-driven news, analysis, interviews, and event coverage designed to help technology buyers and vendors navigate complex markets with clarity and context. ...

Intel CEO Pat Gelsinger argued that its Gaudi 3 AI accelerator will be able to deliver strong total cost of ownership even as it falls short of the $500 million revenue target for 2024.

Gelsinger said on Intel's third quarter earnings call that the company is encouraged by Gaudi 3 interest despite the sales setback. Gaudi 3 AI accelerators are Intel's play to be in the mix for AI workloads. Nvidia is the clear leader in AI infrastructure with AMD playing No. 2 competitor.

Here's what Gelsinger had to say:

"While the Gaudi 3 benchmarks have been impressive and we are pleased by our recent collaboration with IBM to deploy Gaudi 3 as a service on IBM Cloud. The overall uptake of Gaudi has been slower than we anticipated as adoption rates were impacted by the product transition from Gaudi 2 to Gaudi 3 and software ease of use.

As a result, we will not achieve our target of $500 million in revenue for Gaudi in 2024. That said, taking a longer-term view, we remain encouraged by the market available to us. There is clear need for solutions with superior TCO based on open standards and we are continuing to enhance the Gaudi value proposition."

When pressed by analysts, Gelsinger said Gaudi 3 should be viewed as part of a CPU combination.

Gelsinger made the following points:

CPU is playing an increasing role in data center AI compute due to inference. "As you go into enterprise AI, we expect to place a more prominent role, databases, embedding, refinement or much more attuned to CPU workloads. And our strategy there is CPU plus accelerator or CPU plus Gaudi," he said.
Enterprise use cases will be more about inference and CPUs and Gaudi 3.
Intel is seeing a good pipeline for Gaudi 3 and early interest.
"Our strategy there is CPU plus accelerator or CPU plus Gaudi," said Gelsinger.

Intel's third quarter results and fourth quarter outlook left room for optimism, but the chipmaker still has a lot of work to do.

By the numbers:

Intel said it expects fourth quarter revenue to be between $13.3 billion and $14.3 billion and the midpoint of $13.8 billion was above the $13.66 billion estimate. Adjusted earnings for the fourth quarter are expected to be 12 cents a share, above the 8 cents a share estimate.
Intel reported a third quarter net loss of $16.6 billion, which includes restructuring charges on revenue of $13.3 billion, down 6% from a year ago. On a non-GAAP basis, Intel lost $2 billion, or 46 cents a share.
The company took a $2.8 billion restructuring charge in the third quarter.
Intel said its client computing unit revenue was down 7% in the third quarter and the data center division was up 9%.

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Apple Q4 ahead of estimates along with iPhone sales

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

Apple reported a solid fourth quarter as earnings, revenue and iPhone sales were above expectations.

The company reported fourth quarter earnings of $1.64 a share on revenue of $94.93 billion. Wall Street was looking for earnings of $1.60 a share on revenue of $94.58 billion.

With the results, Apple allayed some fears about iPhone sales. iPhone revenue was $46.22 billion in the fourth quarter ahead of expectations. However, Mac, iPad and services revenue fell short of what many analysts were expecting.

CEO Tim Cook said revenue in the fourth quarter was at a record level and up 6% from a year ago. He touted new product cycles for iPhone, Apple Watch and AirPods.

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AWS posts Q3 revenue up 19% from a year ago, $110 billion annual run rate

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

Amazon delivered better-than-expected third quarter earnings as its AWS unit showed sales growth of 19%.

The AWS results land following strong cloud growth figures from Google Cloud and Microsoft Azure of 35% and 33% respectively. AWS, however, is working off much larger revenue figures.

Amazon reported third quarter net income of $15.3 billion, or $1.43 a share, on revenue of $158.9 billion, up 11% from a year ago. Wall Street was looking for

earnings of $1.14 a share on revenue of $157.2 billion.

By the numbers for the third quarter:

North American commerce reported third quarter operating income of $5.7 billion on revenue of $95.5 billion, up 9% from a year ago.
International revenue was up 12% to $35.9 billion with operating income of $1.3 billion.
AWS delivered operating income of $10.4 billion, up from $7 billion in the same quarter a year ago. AWS revenue was $27.5 billion, up 19% from a year ago.

Amazon CEO Andy Jassy said the company is executing well and prepared for the holiday shopping season and AI and cloud infrastructure advances at AWS re:Invent in December.

Constellation Research analyst Holger Mueller said:

"It is remarkable for AWS to turn the trend of shrinking revenue growth and go back into growth mode. And this is before AWS re:Invent where major innovations for many offerings will be released and shared. But all eyes are on AI. If AWS gets re:Invent right it will show even more growth in the quarters ahead."

As for the outlook, Amazon projected fourth quarter earnings of $181.5 billion and $188.5 billion, up 7% to 11%, with operating income between $16 billion and $20 billion.

On a conference call, Jassy said the following:

"We've seen significant reacceleration of AWS growth for the last four quarters. With the broadest functionality, the strongest security and operational performance and the deepest partner community, AWS continues to be a customer's partner of choice. There are signs of this in every part of AWS's business."
"Companies are focused on new efforts again, spending energy on modernizing their infrastructure from on-premises to the cloud. This modernization enables companies to save money, innovate more quickly, and get more productivity from their scarce engineering resources. However, it also allows them to organize their data in the right architecture and environment to do Generative AI at scale. It's much harder to be successful and competitive in Generative AI if your data is not in the cloud."
"While we have a deep partnership with NVIDIA, we've also heard from customers that they want better price performance on their AI workloads. As customers approach higher scale in their implementations, they realize quickly that AI can get costly. It's why we've invested in our own custom silicon in Trainium for training and Inferentia for inference. The second version of Trainium, Trainium2 is starting to ramp up in the next few weeks and will be very compelling for customers on price performance. We're seeing significant interest in these chips, and we've gone back to our manufacturing partners multiple times to produce much more than we'd originally planned."
"We're continuing to see strong adoption of Amazon Q, the most capable Generative AI-powered assistant for software development and to leverage your own data. Q has the highest reported code acceptance rates in the industry for multiline code suggestions. The team has added all sorts of capabilities in the last few months, but the very practical use case recently shared where Q Transform saved Amazon's teams $260 million and 4,500 developer years in migrating over 30,000 applications to new versions of the Java JDK as excited developers and prompted them to ask how else we could help them with tedious and painful transformations."

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Meta's sneak peek 2025 budget: A lot more AI infrastructure spending

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

Meta's 2025 budget planning process goes like this: Spend heavily on AI infrastructure and use AI to drive efficiencies so you can plow more money into GPUs.

That peak into 2025 hyperscale budgeting was delivered by Meta CEO Mark Zuckerberg. Zuckerberg was a little more direct about the spending plans on AI, but the other hyperscale giants--Microsoft, Google Cloud and Amazon--have similar plans.

Speaking on a conference call, Zuckerberg was clear that Meta's appetite for GPUs--mostly from Nvidia--will be insatiable.

He said:

"We're training the Llama 4 models on a cluster that is bigger than 100,000 H100s or bigger than anything that I've seen reported for what others are doing."

Zuckerberg added that Meta is early in the budget process, but is targeting the following: AI for efficiency that will partly fund more investment in infrastructure.

1. AI for efficiency. "First, it's clear that there are a lot of new opportunities to use new AI advances to accelerate our core business that should have strong ROI over the next few years, so I think we should invest more there," said Zuckerberg.

Meta's third quarter results were powered by monetization efficiency due to AI. Meta is also boosting engagement and optimizing ad delivery. The company delivered third quarter revenue of $40.59 billion with net income of $15.69 billion, or $6.03 a share. Meta's results were well ahead of Wall Street estimates.

As for the outlook, Meta projected fourth quarter revenue of $45 billion to $48 billion.

CFO Susan Li noted that Meta can boost productivity with AI as it optimizes monetization.

"On the use of AI and employee productivity, it's certainly something that we're very excited about. I don't know if we have anything particularly quantitative that we're sharing right now. I think there are different efficiency opportunities with AI that we've been focused on in terms of where we can reduce costs over time and generate savings through increasing internal productivity in areas like coding."

She said content moderation is another area where AI can boost productivity. Large language models (LLMs) will also improve multiple work streams in general and administrative categories. Li said that Meta also has a headcount opportunities too.

2. Investment in AI infrastructure. "Our AI investments continue to require serious infrastructure, and I expect to continue investing significantly there too," he said.

Specifically, Meta projected 2024 capital expenditures to be $38 billion to $40 billion, updated from the $37 billion to $40 billion range. The company now expects "a significant acceleration in infrastructure expense growth next year."

Zuckerberg, however, noted that infrastructure will become more efficient and that's why Meta has backed the Open Compute Project. He said:

"This stuff is obviously very expensive. When someone figures out a way to run this better, if they can run it 20% more effectively, then that will save us a huge amount of money. And that was sort of the experience that we had with open compute and part of why we are leaning so much into open source here."

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How to burn down your legacy IT in 10 not-so-easy steps

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

David Giambruno, VP Tivity Health, is the type of person who negotiates his exit package before ever taking a job. Why? He's going to burn your platforms, automate everything possible, cut costs and be hated by everyone at a company except for the CFO.

"I figure out ways to make IT super-efficient, and so I've learned a lot. The biggest thing is having awesome severance and have your lawyer look at it, because everybody's getting angry," he said.

Giambruno has restructured IT operations at Revlon, Tribune Media, Shutterstock and Pitney Bowes. At Constellation Research's Connected Enterprise 2024, Giambruno laid down some truth. "I'm a tech masochist. I never get called by a CTO or CIO. I get called by the CFO or CEO. Generally, if there's some disaster you can fix it," he said.

More from CCE 2024:

Here's a look at the lessons:

Best practices are mediocrity. Most organizations confuse entropy as safety.
You have to burn the platform. "It is about pain and the burning platform. Without that no one ever wants to change," said Giambruno. "Starting a system is the only way to change."
"Spend no money on the old systems. If you're spending money on the old systems you'll never change," he said. "No legacy. Do not waste a second on an old system."

Automation makes everything happen. Automation means more speed and speed always wins.
No multi-cloud. Every cloud you add is about 3x the cost and 5x the security problem.
Run cloud native applications.
Always do proofs of concepts because you'll need to show humans what's possible. "It's really about showing people what's possible because no one ever believes it," he said.
Proofs of concepts are for CEO and CFO primarily, but product people are interested when they realize how much faster you can deliver technologies.

"Nothing runs a computer better than another computer," said Giambruno. Automation means that costs come down and stay down.
"No one will like you. Vendors will hate you because you're taking away huge chunks of money from vendors. I take away huge amounts of money from internal teams too. Then you get a whole new set of vendors and whole new set of processes," he said. "I go from massive chaos to structure."
"Everybody chooses lock in with a vendor. It's cheapest to pick one and then tell them too pound salt when my contract is over," said Giambruno.

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Microsoft Q1 strong, Azure revenue growth 33%

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

Microsoft reported better-than-expected first quarter earnings as commercial cloud revenue was up 22% and Azure grew 33% from a year ago.

The company reported first quarter net income of $24.7 billion, or $3.30 a share, on revenue of $65.6 billion, up 16% from a year ago.

Wall Street was looking for first quarter earnings of $3.10 a share on revenue of $64.51 billion.

Microsoft CEO Satya Nadella said AI is "expanding our opportunity and winning new customers."

CFO Amy Hood said the company's first quarter execution "delivered a solid start to our fiscal year."

As for the outlook, Microsoft said second-quarter revenue will be between $68.1 billion to $69.1 billion. Wall Street was expecting Microsoft to deliver second-quarter revenue of $69.83 billion.

Nadella said suppliers are late with data center infrastructure and the company won't be able to meet demand.

Key points:

Azure revenue was up 33%.
Microsoft 365 Commercial products and cloud services revenue was up 13% from a year ago.
Microsoft 365 Consumer products and cloud services revenue was up 5%.
LinkedIn revenue was up 10%.
Dynamics 365 revenue growth was up 18%.

Speaking on an earnings conference call, Nadella said:

"At the silicon layer, our new Cobalt 100 VMs are being used by companies like Databricks, Elastic, Siemens, Snowflake, and Synopsys to power their general-purpose workloads at up to 50% better price performance than previous generations. On top of this, we are building out our next-generation AI infrastructure, innovating across the full stack to optimize our fleet for AI workloads."

Nadella added that data centers (DCs) are a constraint. He said:

"We ran into a set of constraints, which are everything because DCs don't get built overnight. So, there is DCs, there is power. And so that's sort of been the short-term constraint. Even in Q2, for example, some of the demand issues we have or our ability to fulfill demand is because of, in fact, external third-party stuff that we leased moving up. So that's the constraints we have. But in the long run, we do need effectively power and we need DCs. And some of these things are more long lead."

Hood addressed capital expenditures.

"Capital expenditures, including finance leases, were $20 billion, in line with expectations, and cash paid for PP&E was $14.9 billion. Roughly half of our cloud and AI-related spend continues to be for long-lived assets that will support monetization over the next 15 years and beyond. The remaining cloud and AI spend is primarily for servers, both CPUs and GPUs, to serve customers based on demand signals."

She said that the capital expenses will pay off over time as capacity catches up to demand.

"In H2, we still expect Azure growth to accelerate from H1 as our capital investments create an increase in available AI capacity to serve more of the growing demand."

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Is AI data center buildout a case of irrational exuberance?

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

The cost of artificial intelligence inference and training will fall and enterprises need to question the current groupthink that revolves around a never-ending data center buildout cycle.

Speaking on a panel at Constellation Research's Connected Enterprise conference, Brian Behlendorf, CTO at the Open Wallet Foundation and Chief AI Strategist at The Linux Foundation said "there's a lot of irrational exuberance about the amount of investment that's going to be required both to train models and do inference on them."

Behlendorf said the capacity buildout is going to lead to indigestion.

"I see a lot of enterprises that are cutting other programs, laying off staff and doing everything to conserve capital to be able to collect all the data in the world and build dumb models that they don't really know what they're going to do."

"Yet, the cost of training AI is going to come down dramatically. There are a raft of 10x improvements in training and inference costs, purely in software. We're also finding better structured data ends lead to higher quality models at smaller token sizes."

Behlendorf added that he expects commodity GPU hardware systems to emerge in the next few years. He noted that the idea that the industry is going to need nuclear reactors and an ongoing data center buildout cycle to train large language models is foolhardy.

"A more sober analysis is that you need to build capacity inside your organization at a personnel level and skills level on how to use these technologies and hold on the massive expansion of data centers," he said.

How leaders need to think about AI, genAI

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

Artificial intelligence and generative AI will tax leadership, but ultimately raise the bar for decision making.

Those were some of the takeaways from Cassie Kozyrkov, Founder Kozyr LLC, who delivered the keynote at Constellation Research's Connected Enterprise.

Kozyrkov is best known for founding the field of Decision Intelligence and serving as Google’s first Chief Decision Scientist, where she led the charge in Google’s transformation into an AI-first company. She's now an AI advisor for Gucci, NASA, Meta and others.

Here's a look at what leaders need to know about AI.

Every job is going to have some level of disruption due to AI. "Don't think in terms of jobs. Think in terms of what tasks of any given job are most likely to be disrupted," said Kozyrko. "The key thing to understand is that every job has some component that's a little bit repetitive."

Repetitive work is going to be automated. "The repetitive and digitized task is the ideal target for AI automation when there aren't a lot of consequences for messing up performance," she said.

But automating repetitive work can hollow out your bench. "Here's the thing that I think too many people forget. When you hire somebody with no experience at all the work you give them very early on repetitive and easy to check the answer. The perfect task for AI is also the perfect work for your intern or new graduate," said Kozyrko. "A lot more of the junior person's work is going to get cannibalized by more senior folks."

Kozyrko said:

"You should be preparing for what you're going to do with training your future cohort of leaders."

AI washing is trendy. "It is difficult to know what you're buying these days and what to expect--not only of the software systems but the complex collaboration between human and machine," she said.

Here's the test to see if there's AI washing or something like machine learning. "If it's written in Python, it's probably machine learning. If it's written in PowerPoint it's probably AI," said Kozyrko. "Ask questions."

Strategy matters. AI models are just recipes and a human engineer has to think hard about the problem, how to solve it and come up with instructions. "You need to understand the task to come up with those instructions," said Kozyrko. "When humans teach each other, sometimes we use exact instructions. Sometimes we do it another way and teach with examples. Data is just examples."

Leaders prefer examples when control matters. For more complex work, examples matter more. AI will force leaders to raise the bar on performance and be comfortable with change--there's no choice.

AI decisions belong to leaders not subject matter experts. "We have a problem with absentee leadership, where a lot of folks think that AI is the business of the PhD in the world. It is the business of the leader, the decision maker, the domain expert, not the person who's good at mathematics," said Kozyrko. "AI is the product of decision making with some very subjective decisions made by whoever was in charge. The worst thing you can do is think AI is some independent entity that's objective."

Generative AI makes things more complicated for leaders. "Generative AI has more than one right answer and more than one wrong answer," she said. "Test everything and test it in context. Trust nothing you haven't tested and use it carefully."

Kozyrko said:

"It is hard to set criteria for Gen AI and always think in terms of who takes responsibility. That may be more of a limiting factor than some of the technology. So, at the end, is genAI an act of desperation or the frontier of innovation? It's absolutely both."

AI is a genie that can be a friend or foe. "AI will absolutely do is raise the bar for your decision leadership. This is a genie that may grant you a wish, but we know the genie is dangerous," said Kozyrko. "AI will demand more from us in the future. It is absolutely a leadership concern."

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AMD's Q3 on target, data center unit revenue growth 122% from a year ago

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

AMD continues to see its revenue surge due to its data center unit, which posted sales growth of 122% from a year ago.

The company reported third quarter net income of $771 million, or 47 cents a share, on revenue of $6.8 billion. Non-GAAP earnings were 92 cents a share.

AMD CEO Dr. Lisa Su said: "record revenue was led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors."

Data center revenue was $3.5 billion due to AMD Instinct GPU shipments as well as AMD EPYC CPUs.
PC revenue was $1.9 billion, up 29% from a year ago.
Embedded unit revenue was $927 million, down 25% from a year ago, and gaming revenue fell 69% from a year ago to $462 million.

As for the outlook, AMD projected fourth quarter revenue of $7.5 billion, give or take $300 million.

On a conference call, Su said:

"Data Center GPU revenue ramped as MI300X adoption expanded with cloud, OEM and AI customers. Microsoft and Meta expanded their use of MI 300X accelerators to power their internal workloads in the quarter. Microsoft is now using MI 300X broadly for multiple co-pilot services powered by the family of GPT 4 models."
"Development on our MI400 series based on the CDNA Next architecture is also progressing very well towards a 2026 launch. We have built significant momentum across our data center AI business with deployments increasing across an expanding set of Cloud, Enterprise and AI customers. As a result, we now expect Data Center GPU revenue to exceed $5 billion in 2024, up from $4.5 billion we guided in July and our expectation of $2 billion when we started the year."
"In the Data Center alone, we expect the AI accelerator TAM will grow at more than 60% annually to $500 billion in 2028. To put that in context, this is roughly equivalent to annual sales for the entire semiconductor industry in 2023."
"We feel very good about the market from everything that we see, talking to customers, there's significant investment in trying to build out the infrastructure required across all of the AI workloads."

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Google Cloud Q3 revenue up 35% from a year ago, Alphabet results shine

Larry Dignan

Editor in Chief of Constellation Insights
Constellation Research

Alphabet handily topped third-quarter expectations and its Google Cloud saw revenue growth of 35% from a year ago due to generative AI.

The company, which includes Google, Google Cloud and YouTube, reported third quarter net income of $26.3 billion, or $2.12 a share, on revenue of $88.27 billion, up 15% from a year ago.

Wall Street was expecting Alphabet to report third quarter earnings of $1.85 a share on revenue of $86.3 billion.

Google Cloud revenue was $11.4 billion, up 35% from a year ago. Alphabet said Google Cloud saw strength across AI infrastructure, genAI and core services.

CEO Sundar Pichai said the company's "long-term focus and investment in AI" are paying off. Specifically, Google Cloud is driving "deeper product adoption" with existing companies while landing larger deals and new enterprises. How Google Cloud is monetizing AI

Indeed, Google Cloud's operating income is accelerating. The company's third quarter operating income was $1.947 billion, up from $266 million a year ago.

Google's core services remain the cash cow with operating income of $30.86 billion.

Google Cloud has been picking up traction as it builds out services for the AI layer and also drills down into industries.

And more on industries.

Speaking on Alphabet's earnings conference call, CEO Sundar Pichai said Google Cloud's stack is paying off as enterprises leverage AI.

Pichai said Alphabet continues to invest in AI infrastructure--including nuclear power for data centers. Google Cloud is also benefiting from workloads powered by new Nvidia GPUs as well as its own processors for AI workloads. CapEx in the fourth quarter will be similar to the third quarter tally of $13 billion. The largest component of that CapEx was servers, data centers and networking equipment.

Takeaways from the conference call:

Google services are all leveraging Gemini models.
The company has unified teams in AI and machine learnin to move faster. He said the team behind NotebookLM highlights how smaller teams can move faster. "You'll see a rapid pace of innovation," he said.
Google is using AI to generate code that is then reviewed by engineers.
Google is seeing search queries surge due to AI overviews and strong engagement as consumers ask longer and more nuanced questions.
Circle to Search is available on more than 150 million Android devices.
Google Cloud's ability to attract generative AI workloads is landing the company larger deals.
Gemini API calls have grown 14x in the last six months.

On a conference call with analysts, Pichai said the following:

"Customers use our AI platform together with our data platform, BigQuery, because we analyze multimodal data no matter where it is stored with ultra-low latency access to Gemini."
"Each week, Waymo is driving more than 1 million fully autonomous miles and serves over 150,000 paid rides. The first time any AV company has reached this kind of mainstream use."
"On the TPU front, I just spent some time with the teams on the road map ahead. I couldn't be more excited at the forward-looking road map, but all of it allows us to both plan ahead in the future and really drive an optimized architecture for it."
"We are in much more of a virtuous cycle with a lot of velocity in the underlying models. We've had two generations of Gemini model. We are working on the third generation, which is progressing well. And teams internally are now set up much better to consume the underlying model innovation and translate that into innovation within their products. There is aggressive road map ahead for 2025."

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Intel defends Gaudi 3 as it misses 2024 sales targets

Intel defends Gaudi 3 as it misses 2024 sales targets

Apple Q4 ahead of estimates along with iPhone sales

Apple Q4 ahead of estimates along with iPhone sales

AWS posts Q3 revenue up 19% from a year ago, $110 billion annual run rate

AWS posts Q3 revenue up 19% from a year ago, $110 billion annual run rate

Meta's sneak peek 2025 budget: A lot more AI infrastructure spending

Meta's sneak peek 2025 budget: A lot more AI infrastructure spending

How to burn down your legacy IT in 10 not-so-easy steps

How to burn down your legacy IT in 10 not-so-easy steps

Microsoft Q1 strong, Azure revenue growth 33%

Microsoft Q1 strong, Azure revenue growth 33%

Is AI data center buildout a case of irrational exuberance?

Is AI data center buildout a case of irrational exuberance?

How leaders need to think about AI, genAI

How leaders need to think about AI, genAI

AMD's Q3 on target, data center unit revenue growth 122% from a year ago

AMD's Q3 on target, data center unit revenue growth 122% from a year ago

Google Cloud Q3 revenue up 35% from a year ago, Alphabet results shine

Google Cloud Q3 revenue up 35% from a year ago, Alphabet results shine

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Intel defends Gaudi 3 as it misses 2024 sales targets

Apple Q4 ahead of estimates along with iPhone sales

AWS posts Q3 revenue up 19% from a year ago, $110 billion annual run rate

Meta's sneak peek 2025 budget: A lot more AI infrastructure spending

How to burn down your legacy IT in 10 not-so-easy steps

Microsoft Q1 strong, Azure revenue growth 33%

Is AI data center buildout a case of irrational exuberance?

How leaders need to think about AI, genAI

AMD's Q3 on target, data center unit revenue growth 122% from a year ago

Google Cloud Q3 revenue up 35% from a year ago, Alphabet results shine