5 Advanced Micro Devices Analyst Takeaways On AI Event: Is Chipmaker 'Somewhat Late' Vs. Rival Nvidia?
Portfolio Pulse from Priya Nigam
Advanced Micro Devices (AMD) shares rose after its Data Center and AI Technologies event, where it unveiled the MI300X GPU and raised its AI accelerator TAM outlook to $150 billion by 2027. Analysts from Mizuho Securities, Raymond James, Wedbush, KeyBanc Capital Markets, and Bernstein provided their takeaways and updated price targets.
June 14, 2023 | 4:05 pm
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AMD's MI300X GPU was discussed in comparison to NVIDIA's H100 GPU, with AMD claiming favorable performance advantages in large language model AI inferencing.
While AMD's claim of favorable performance advantages for its MI300X GPU over NVIDIA's H100 GPU in large language model AI inferencing is noteworthy, it is not clear how this will impact NVIDIA's stock price in the short term. The competition between the two companies is ongoing, and the impact on NVIDIA's stock price will depend on how the market perceives this development.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD shares rose after its Data Center and AI Technologies event, where it unveiled the MI300X GPU and raised its AI accelerator TAM outlook to $150 billion by 2027. Analysts provided their takeaways and updated price targets.
AMD's unveiling of the MI300X GPU and the raised AI accelerator TAM outlook to $150 billion by 2027 are positive developments for the company. The positive analyst ratings and updated price targets indicate increased confidence in AMD's growth potential, which is likely to have a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100