'Evidence Shows AI-Driven Companies Are Buying Up Gaming GPUs' - Tom's Hardware
Portfolio Pulse from Happy Mohamed
The demand for GPUs is increasing, with prices reaching $70,000 per GPU in some parts of China. AI industry players are buying up GPUs that were intended for home desktop PC rigs. The first evidence of this comes from George Hotz, founder of Comma AI, who tweeted about buying gaming GPUs directly from AMD. The rise of AI is impacting the supply of compute-focused GPUs, and it remains to be seen how this demand will affect gaming GPUs.
August 04, 2023 | 9:50 am
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POSITIVE IMPACT
AMD's GPUs are being bought up by AI industry players, which could lead to increased sales and revenue.
The news directly mentions AMD's GPUs being bought by AI industry players. This could lead to increased sales and revenue for AMD, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The increased demand for GPUs could indirectly benefit Nvidia, a major player in the GPU market.
Although Nvidia is not directly mentioned in the news, as a major player in the GPU market, it could benefit from the increased demand for GPUs.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50