AMD's AI Superchip Is Finally Here
The market for artificial-intelligence (AI) accelerators is dominated by Nvidia (NASDAQ: NVDA). The company reportedly sold half a million AI GPUs in the third quarter, with more than half of that total going to Microsoft and Meta Platforms. Nvidia's H100 GPUs are a hot commodity, with AI companies scrambling to secure enough accelerators to tap into soaring demand for AI services.
Advanced Micro Devices (NASDAQ: AMD) is looking to end Nvidia's dominance with powerful AI accelerators of its own. The company officially launched its Instinct MI300 Series accelerators on Wednesday, kicking off a battle with Nvidia for a market that AMD expects to be worth $45 billion this year and $400 billion by 2027. The company plans on selling more than $2 billion worth of AI chips in 2024, up from essentially nothing today.
AMD is launching two AI accelerator products. The MI300X is the product that will go toe-to-toe with Nvidia's H100, featuring a whopping 192GB of high-bandwidth memory. That's more than twice as much memory as the H100, which could provide AMD with a key advantage given that large language models, or LLMs, require massive amounts of memory.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 82 Buy predictions and 3 Sell predictions.
With a target price of 176 € there is a positive potential of 29.76% for Advanced Micro Devices Inc. compared to the current price of 135.64 €.
