Close
AMD is poised to challenge Nvidia's dominance in the AI data center GPU market, driven by strong product launches and a solid roadmap. Despite missing Q4 expectations, AMD's sequential growth and expanding operating margins indicate significant revenue and EPS growth potential for 2025. The current market pessimism resembles the sentiment in 2017, but AMD's strong product lineup and undervaluation present a compelling buying opportunity.
The company has increased its AI chip sales targets, now expecting $5 billion in revenue for 2024. AMD's MI300X series of data center GPUs is gaining traction, with hyperscalers moving large ML inferencing workloads onto these GPUs. The competitive landscape remains challenging, particularly with Nvidia's strong market share, but AMD's strategic positioning and product innovations suggest a promising future.
• AMD expects $5 billion in AI chip revenue for 2024.
• AMD's MI300X GPUs are gaining traction in the AI data center market.
AI data center GPUs are specialized processors designed to handle AI workloads efficiently, crucial for AMD's growth strategy.
Machine learning refers to algorithms that enable computers to learn from data, expanding the market for AI chips.
Total Addressable Market represents the overall revenue opportunity available for a product or service, which AMD aims to capture in AI.
AMD is a fabless semiconductor company focusing on high-performance computing and AI solutions, positioning itself against Nvidia.
Nvidia is a leading company in AI data center GPUs, holding a dominant market share that AMD aims to challenge.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
