The AI data-center market has been moving toward “full stack” rack-scale solutions led by Nvidia. In March, AMD closed its acquisition of ZT Systems, giving the company more expertise to design rack-scale AI servers incorporating chips, networking, and software in a larger end-to-end system offering in the future.

In Q2, the chipmaker's data center revenue grew just 14% year over year, versus 57% in Q1, due to the export controls that prevented the sale of its AI-enabling GPU chips to China.

The chipmaker sets September-quarter guidance above Wall Street’s expectations but doesn’t factor in a restart of China sales