Nvidia Rivalry Pushes AMD To Shift Focus Away From Flagship Gaming GPUs As Lisa Su Chases AI Supercycle: $4.5B In MI300X AI Chip Sales Projected For 2024
Portfolio Pulse from Benzinga Neuro
AMD is shifting its focus from gaming GPUs to AI chips, projecting $4.5 billion in sales for its MI300x AI chip in 2024. This move is part of AMD's strategy to compete with Nvidia in the AI sector. The company plans to release new AI chips annually, with significant growth expected in AI-related revenue.
September 10, 2024 | 6:23 am
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POSITIVE IMPACT
AMD is focusing on AI chips, projecting $4.5 billion in sales for the MI300x in 2024. This strategic shift aims to challenge Nvidia and capitalize on the AI supercycle.
AMD's strategic shift to focus on AI chips and the projected $4.5 billion in sales for the MI300x in 2024 indicate a strong growth potential in the AI sector. This move positions AMD as a significant competitor to Nvidia, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
AMD's focus on AI chips and projected sales could increase competition for Nvidia in the AI sector, potentially impacting Nvidia's market share.
AMD's strategic focus on AI chips and significant sales projections could intensify competition with Nvidia, potentially affecting Nvidia's market share. However, Nvidia's established position in the AI sector may mitigate immediate impacts.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Intel is under pressure to revamp its AI strategy as AMD and Nvidia advance in the AI chip market, potentially affecting Intel's competitive position.
Intel's need to revamp its AI strategy highlights the competitive pressure from AMD and Nvidia. This could negatively impact Intel's market position if it fails to adapt quickly.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50