Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Oracle (NYSE:ORCL) said it plans to deploy 50,000 of Advanced Micro Devices’s (NASDAQ:AMD) Instinct MI450 GPUs beginning in Q3 2026.
“We feel like customers are going to take up AMD very, very well — especially in the inferencing space,” said Karan Batta, SVP of Oracle Cloud Infrastructure, according to CNBC.
CNBC noted the move was the latest sign that the AMD chips were being offered by cloud companies as an alternative to Nvidia (NVDA) GPUs for AI use.
“I think AMD has done a really fantastic job, just like Nvidia, and I think both of them have their place,” Batta added.
- Broadcom (NASDAQ:AVGO) is planning to launch a new networking chip for AI data centers.
According to Reuters, the new chip, called Thor Ultra, will compete against Nvidia’s (NVDA) networking interface chips and is part of Broadcom’s broader push to entrench its presence in network communications for AI data centers.
Broadcom has estimated the AI market opportunity for its chips at between $60 billion and $90 billion for 2027, Reuters added.