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AI Chips Today - AMD Unveils Bold Strategy for Market Leadership
Reviewed by Simply Wall St
In a recent Financial Analyst Day announcement, AMD unveiled its ambitious strategy to expand its leadership in the AI chips and computing markets, which are estimated to be worth $1 trillion. This strategy highlights AMD's emphasis on accelerating growth through an extensive portfolio of high-performance and AI computing products, as well as significant advancements in technology and strategic partnerships. The company underscored its momentum with products such as the AMD Instinct™ MI350 Series GPUs and the upcoming “Helios” systems, aiming for market leadership in both AI performance and innovative computing solutions. With detailed roadmaps for future products and technologies, AMD aims to drive substantial revenue growth and maintain its competitive edge in the dynamic AI chip market.
- Advanced Micro Devices (NasdaqGS:AMD) last closed at $237.52 down 2.6%.
In other trading, Renesas Electronics (TSE:6723) was trading firmly up 3.7% and ending the day at ¥1,941. In the meantime, CSI Solar (SHSE:688472) trailed, down 14.3% to end the day at CN¥20.56.
Best AI Chip Stocks
- Intel (NasdaqGS:INTC) settled at $37.88 down 1.5%. Two days ago, Intel appointed Craig H. Barratt to its board and CEO Lip-Bu Tan took over AI efforts after CTO's departure.
- NVIDIA (NasdaqGS:NVDA) settled at $193.16 down 3%.
- Micron Technology (NasdaqGS:MU) finished trading at $241.11 down 4.8%.
Summing It All Up
- Explore the 77 names, such as Winbond Electronics, NAURA Technology Group and Marvell Technology, from our AI Chip Stocks screener here.
- Want Some Alternatives? Outshine the giants: these 25 early-stage AI stocks could fund your retirement.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:NVDA
NVIDIA
A computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally.
Exceptional growth potential with flawless balance sheet.
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