CEO Jensen Huang announced the company's next generation of artificial-intelligence semiconductors.
AMD on Monday revealed new AI chips at the Computex tech conference in Taipei. "AI is our number one priority and we're at the beginning of an incredibly exciting time for the industry as AI transforms virtually every business, improves our quality of life, and reshapes every part of the computing market," chair and CEO Lisa Su said in Taipei on Monday.
Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia.
AMD has been unable to grow revenues as Nvidia dominates the data center segment for AI accelerators. AMD and Nvidia hardware have a few key differences and overall Nvidia simply provides better products. AMD's foray into FPGAs could lead to a unique competitive positioning and provides some reason for optimism.
The tech market is booming, fueled by excitement over markets like AI and cloud computing. AMD supplies its chips to companies across tech, allowing it to profit from the development of multiple markets.
Shares of AMD are up substantially since last year. The growth has benefited current investors, but has also tanked the value of its stock for new ones.
AMD is divided between two fast-growing segments and two others experiencing massive declines. Net income has dropped in each of the last two years.
Technology is evolving in three key areas right now: artificial intelligence ( AI ), fifth-generation (5G) wireless, and cloud computing. Taken together, these technologies are expected to revolutionize life as we know it in the coming decades.And while many technology companies play in each sandbox, a handful of companies are dominating and pushing the tech forward.
Nvidia's outstanding results point to a bright future for its foundry partner, Taiwan Semiconductor. AMD could enjoy a significant bump-up in revenue even if it corners a small share of the AI market.
The two most popular stocks AI investors look to are NVIDIA (NASDAQ: NVDA) and AMD (NASDAQ: AMD).
Nvidia Corp. and Advanced Micro Devices have been struggling in recent weeks to get large-scale exports of AI accelerators to the Middle East due to a U.S. slowdown in license approvals, reports say.
The recent comments by Federal Reserve chair Jerome Powell have investors dreaming of potential rate cuts. If you're looking to deploy some capital in the market, meme stocks could be a promising option.