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.
AMD sees the market for AI data GPUs to grow by more than 60% a year and reach $500 billion by 2028.
One key Nvidia competitor looks increasingly attractive in the current environment.
Strong sales of the chipmaker's first GPU chips still barely make a dent in Nvidia's armor.
AMD didn't give a comparison against Nvidia's Blackwell chips which are expected to begin shipping in volume early next year.
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On October 10, Advanced Micro Devices (NASDAQ: AMD) held its ‘ Advancing AI ' event, announcing a wide range of new products. Despite this, the event, which historically caused AMD stock price to rise, was followed by a 3.19% decline.
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.
Shares of Advanced Micro Devices (AMD) fell 4% on Thursday as the chipmaker's new AI lineup failed to excite investors who are eager to see the company take on Nvidia (NVDA).
Advanced Micro Devices Inc.'s AI event Thursday lacked a major wow factor, as hopes for more new-customer news did not materialize. But there was some news that should excite investors.
AMD actually had good news for investors today. So why did the AI stock fall?