[Image: From AMD’s Q1 2025 earnings presentation (pdf). https://platform.theverge.com/wp-content/uploads/sites/2/2025/05/chrome_GgaSGWnPAd.jpg?quality=90&strip=all] AMD, like Nvidia, is becoming an AI chip company. In February, I showed you how even Nvidia’s networking business is now bigger than gaming. Today, AMD’s (largely rosy!) Q1 2025 earnings show how far gaming has shrunk compared to its desktop and laptop CPUs. Gaming used to be its own reporting segment, but that just changed this quarter. Gaming is also now smaller than AMD’s embedded business, which did $0.8B in revenue.