That's too bad. I thought AMD would gain some server market share, but I guess not.
You have to understand what is happening in big business right now. Everyone has stopped spending money and started layoffs. This tends to happen every time we are rumored to be going into a recession. The fact they did this well did not surprise me in the least.
I'd certainly be interested in a good explanation for what happened to AMD's client segment. Q2 2022 was the last 'good' quarter at $2152M in revenue. Since then it's dropped every quarter: $1022M in Q3, $903M in Q4, and now $739M. Is it a similar case to Intel where there's too much old inventory still in the channel that OEMs are working through and hence not buying as much new inventory?
AMD picked a bad time to switch platforms. They had a great thing with Zen 3 and Zen 3 X3D. Zen 4 is a decent chip, but the upgrade cost is pretty high. When I upgraded from Zen 2 to Zen 3, I simply had to pop in a new chip, and it gave me a considerable uplift. Zen 3 -> Zen 4 required a brand new platform with new RAM and other components. I went from a 1950x to a 3900x to a 5950x to a 7950x. The first 3 jumps were big. The last jump was much smaller. If AMD had dropped a 24 core part, it would have been a different story.
A lot of folks are likely holding off, and many may even go Intel thanks to a wider selection of parts.
AMD also isn't doing themselves any favors by not upping core counts and by being on such a slow release cadence. If you want to get into AM5/DDR5 at this point, your options are still pretty expensive compared to the cheapest Intel option.
Lastly, their GPU offerings have been 'meh'. They need to fix the RT weakness ASAP and also come up with a way to beat NVIDIA in perf/$. Matching NVIDIA pricing is NOT winning them any mindshare, which is likely going to hurt them in terms of marketshare.