AMD CEO Sees $150 Billion Future In AI, New Chip To Take On Nvidia
Portfolio Pulse from AJ Fabino
AMD CEO Lisa Su predicts the AI market could grow to $150 billion by 2027, up from its current $30 billion. The company's latest GPU, the MI300, is designed for AI and large language models. AMD plans to roll out the MI300 in Q3, with full production by year-end. AMD has announced partnerships with Amazon, Oracle, Meta, and Hewlett Packard Enterprise, among others.
June 13, 2023 | 11:09 pm
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POSITIVE IMPACT
AMD's new MI300 GPU and partnerships with major companies could boost its position in the AI market, potentially driving stock price growth.
AMD's new MI300 GPU is designed for AI and large language models, which could help the company capture a larger share of the growing AI market. Additionally, partnerships with major companies like Amazon, Oracle, Meta, and HPE could further boost AMD's position in the market and drive stock price growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Amazon's partnership with AMD for AI technology could enhance its cloud computing offerings and potentially benefit its stock price.
Amazon's partnership with AMD could help the company enhance its cloud computing offerings by leveraging AMD's AI technology. This could potentially attract more customers and drive growth, benefiting Amazon's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Hewlett Packard Enterprise's partnership with AMD could strengthen its AI offerings and potentially have a positive impact on its stock price.
Hewlett Packard Enterprise's partnership with AMD could help the company strengthen its AI offerings by leveraging AMD's AI technology. This could potentially attract more customers and drive growth, benefiting HPE's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Meta's partnership with AMD for AI technology could enhance its AI capabilities and potentially benefit its stock price.
Meta's partnership with AMD could help the company enhance its AI capabilities by leveraging AMD's AI technology. This could potentially attract more customers and drive growth, benefiting Meta's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Oracle's partnership with AMD for AI technology could enhance its cloud computing offerings and potentially benefit its stock price.
Oracle's partnership with AMD could help the company enhance its cloud computing offerings by leveraging AMD's AI technology. This could potentially attract more customers and drive growth, benefiting Oracle's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
AMD's new MI300 GPU is set to compete with Nvidia's Grace Hopper superchip, potentially impacting Nvidia's market share and stock price.
AMD's new MI300 GPU is designed to compete with Nvidia's Grace Hopper superchip in the AI market. If AMD's GPU gains traction, it could potentially impact Nvidia's market share and stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60