The company is following Nvidia's lead in shortening its release cycle to annually, in response to the high demand for advanced chips in AI data centers. AMD's shares have more than doubled since 2023, but Nvidia's shares have risen more than seven-fold in the same period. AMD expects AI chip sales of around $4 billion for 2024, a $500 million increase from its previous estimate.
Key takeaways:
- AMD unveiled its latest AI processors and detailed its plan to develop AI chips over the next two years to compete with industry leader Nvidia.
- AMD CEO Lisa Su introduced the MI325X accelerator, set to be available in Q4 2024, and also announced the upcoming MI350 and MI400 series of chips, expected in 2025 and 2026 respectively.
- AMD expects AI chip sales of roughly $4 billion for 2024, an increase of $500 million from its prior estimate.
- AMD's new processors are expected to be used in devices from PC providers such as HP and Lenovo, and the company claims its processors exceed Microsoft’s Copilot+ PC requirements.