Advanced Micro Devices (AMD) recently launched a rival AI chip against Nvidia, though the market's response has been mixed. While AMD's stock has seen a dip, analysts remain optimistic, predicting a strong growth recovery for AMD ahead. They speculatively foresee AMD's AI sales to double by 2025, AMD's AI strategy to gain significant market share, and AMD to become an attractive revenue growth stock. A note of caution was from AMD projecting MI3XX family's revenues may fall short of $10 billion expectations in 2025.
There were also discussions about the unveiling of new AI and server chips. Moreover, AMD is considered to compete strongly within the GPU (Graphics Processor Unit) market, directly clashing with Nvidia. The company's CEO, Lisa Su, has mentioned AMD's next phase would not be a transition away from GPUs but a broadening beyond them, further extending into AI and server products.
Notwithstanding the ongoing competition with Nvidia, AMD's advancement into the AI market is a significant step forward. Some investors have started increasing their stocks, with Cathie Wood's Ark Invest buying AMD shares as part of her investment strategy.
Advanced Micro Devices AMD News Analytics from Sun, 04 Aug 2024 07:00:00 GMT to Sat, 12 Oct 2024 15:00:00 GMT - Rating 4 - Innovation 7 - Information 8 - Rumor 0
