AMD Accelerates Product Development To Close The Competitive Gap

Summary:

• AMD is poised for strong growth driven by AI model inferencing with MI300X GPUs, with a TAM for AI accelerators projected to reach $500B by 2028.
• AMD’s Data Center segment saw 122% YoY growth in Q3’24, fueled by EPYC and Instinct product sales. Management is targeting a 1-year cadence for new product launches.
• AMD is closing the performance gap with Nvidia as the MI350 will have comparable performance with the Blackwell GPUs.

Advanced Micro Devices (NASDAQ:AMD) is set for strong growth going forward as cloud service providers ((CSPs)) and enterprises gravitate towards inferencing AI models with MI300X GPUs. Management is estimating the TAM for AI accelerators to grow at 60% annually to $500b

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