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AMD's turnaround story includes hiring Jim Keller, switching to TSMC, and capitalizing on Intel's missteps, leading to a significant market position. AMD's new GPUs are competitive with Nvidia's upcoming Blackwell, potentially impacting Nvidia's margins while boosting AMD's performance. The primary risk is AMD's lofty valuation and the potential for customers to develop their own CPUs/GPUs, affecting long-term AI demand.
AMD's Advancing AI presentation on the performance capabilities of its next-gen chips was a critical gauge for the sustainability of its growth outlook. The company predicts the AI accelerator TAM alone will grow at a 60% five-year CAGR through 2028, reaching $800 billion. And AMD's deepening foray across key aspects of the AI infrastructure ecosystem, spanning software, hardware, and cluster level systems is likely to reinforce its revenue share grab over the longer-term.
Despite underperformance for AMD shares this year and major outperformance for Nvidia shares, a Bernstein analyst said he'd rather get in front of the Blackwell launch than AMD's latest announcements.
Advanced Micro Devices Inc AMD just unveiled its next wave of AI weaponry, and it's taking aim at none other than Nvidia Corp NVDA.
One key Nvidia competitor looks increasingly attractive in the current environment.
In my previous article, I rated Ocular as a “Hold” based on concerns regarding Axpaxli's path to market. The SOL-1 and SOL-R Phase III trials are designed to assess Axpaxli's safety, efficacy, and potential market disruption in wet-AMD treatment. OCUL's Elutyx drug delivery platform offers sustained long-term effects, making it a valuable asset beyond current retina-focused applications.
Advanced Micro Devices Inc has unveiled a suite of next-generation graphics processing units in hopes of claiming a share of the artificial intelligence computing market from global leader Nvidia Corp. The flagship product is the AMD Instinct MI325X accelerator, designed specifically for data centre and AI applications.
Advanced Micro Devices (AMD) showcased its new Instinct MI325X AI chip at its Advancing AI 2024 conference. Scheduled to begin production by the end of this year, AMD is already positioning the Instinct MI325X to "exceed some of the capabilities of its rival," like Nvidia (NVDA).
Major U.S. equities indexes lost ground after the latest Consumer Price Index report showed greater-than-expected price increases in September, driven by an uptick in grocery prices.