What's Going On With AMD Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
AMD has launched its MI300 chip, targeting the AI accelerator market and focusing on the Indian market. The company has gained market share in PCs and servers and is now competing with Nvidia and Intel in the AI space. Intel announced its Gaudi 3 AI accelerator, aiming to capture the growing AI applications market. AMD received bullish ratings and a price target boost from analysts in December 2023. Partnerships with Microsoft and Meta, with Meta planning to use AMD's MI300X for inferencing, have strengthened analyst confidence in AMD. AMD's stock rose over 6% in the past five days, while Intel's stock increased around 9%. AMD's shares were down 0.91% at $136.93 in the last check on Thursday.
December 14, 2023 | 7:15 pm
News sentiment analysis
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NEGATIVE IMPACT
Nvidia, currently leading the AI accelerator market, may face increased competition from AMD's MI300 chip launch and Intel's Gaudi 3 AI accelerator.
Nvidia's position as the leader in the AI accelerator market could be threatened in the short term by the increased competition from both AMD and Intel's new product launches, potentially impacting Nvidia's stock negatively.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Intel's announcement of the Gaudi 3 AI accelerator to compete with Nvidia and AMD in the AI market has led to a stock increase, but it may face pressure from AMD's recent advancements and analyst support.
Intel's proactive move into the AI accelerator market with the Gaudi 3 AI accelerator is a positive development, but the impact on the stock is neutral in the short term due to the competitive pressure from AMD's recent product launch and analyst support.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
AMD's new MI300 chip launch and focus on the Indian market, along with partnerships with Microsoft and Meta, have received positive analyst ratings and a price target boost, indicating strong market confidence.
The launch of a new product, positive analyst ratings, and partnerships with major companies like Microsoft and Meta are significant positive indicators for AMD's stock in the short term, despite the slight decline on the last check Thursday.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Meta Platforms' plans to use AMD's MI300X for inferencing strengthens AMD's market position and reflects positively on Meta's commitment to advancing its AI capabilities.
Meta's collaboration with AMD to use the MI300X chip for inferencing could positively impact Meta's stock in the short term by showcasing its dedication to integrating advanced AI technology.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 50
POSITIVE IMPACT
Microsoft's partnership with AMD, planning to use the MI300X for inferencing, reinforces AMD's position in the market and could positively influence Microsoft's capabilities in AI.
Microsoft's decision to use AMD's MI300X for inferencing is a testament to AMD's technological capabilities and could have a positive impact on Microsoft's stock in the short term by enhancing its AI offerings.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 50