Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That's up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. During Tuesday's earnings call, AMD CEO Lisa Su said the company expects "data center segment revenue to more than double year-over-year in 2027," as well.

At the same time, AMD's gaming revenue fell 31 percent compared to last year, to $779 million, as price hikes and component shortages slowed sales for the Xbox Series X / S, PS5, and Valve's Steam Deck. On a call after …

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SpaceX's AI revenue grew more than three times to $2.6 billion from the year before, mostly because of deals that the company made to provide compute to other AI companies, according to SpaceX's quarterly earnings. The AI division, which the company said in its documents to go public was the source of most of its value, lost $1.5 billion this quarter, slightly less than in the same quarter last year.

SpaceX made deals with Anthropic in May and Google in June to provide compute to the other two AI companies, putting it in competition with other neoclouds such as CoreWeave. The increased presence in AI is also driving the company to spend mor …

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