What's Going On With AMD Stock Wednesday?
Portfolio Pulse from Anusuya Lahiri
Advanced Micro Devices (AMD) plans to launch AI chips to exploit Nvidia's (NVDA) supply crisis. AMD's CEO Lisa Su announced plans to increase production of its MI300 AI chips in Q4. The company also plans to comply with U.S. Commerce Department restrictions on advanced AI semiconductor sales to China. AMD expects 2023 sales in its data center business, including MI300 chips, to exceed $6.04 billion. Cloud players like Microsoft (MSFT) and Alphabet (GOOG, GOOGL) are expected to shift spending towards AI chips and infrastructure.
August 04, 2023 | 11:11 am
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NEGATIVE IMPACT
Nvidia faces a supply crisis, which AMD plans to exploit with its AI chips.
Nvidia's supply crisis could be a disadvantage for the company as AMD plans to launch AI chips. This could potentially lead to a decrease in Nvidia's market share and stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Alphabet is expected to shift spending towards AI chips and infrastructure.
Alphabet's expected shift in spending towards AI chips and infrastructure could potentially impact its financial performance. However, the direct impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Alphabet is expected to shift spending towards AI chips and infrastructure.
Alphabet's expected shift in spending towards AI chips and infrastructure could potentially impact its financial performance. However, the direct impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft is expected to shift spending towards AI chips and infrastructure.
Microsoft's expected shift in spending towards AI chips and infrastructure could potentially impact its financial performance. However, the direct impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
AMD plans to launch AI chips, which could boost its market position and stock price.
AMD's planned launch of AI chips could give it a competitive edge, especially given Nvidia's current supply crisis. This could lead to increased demand for AMD's products and a potential increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100