TECH - AMD To Surpass $2B GPU Revenue Target in 2024 - Analyst | Benzinga
KeyBanc analyst John Vinh recently hosted investor meetings with management at Advanced Micro Devices, Inc (NASDAQ: AMD).
The analyst notes that confidence and visibility into the MI300X ramp in 2024 is high, with upside potential to the $2 billion outlook likely.
AMD management expressed high confidence in its $2 billion outlook for MI300 in 2024 and its ability to compete with Nvidia Corp (NASDAQ: NVDA), particularly on inferencing.
AMD has good visibility into the ramp of MI300X next year, given seven- to eight-month lead times and POs in hand with firm visibility through the first half of FY24.
AMD indicated it is incredibly competitive on inferencing, given its higher HBM content. The upside to the $2 billion appears likely as ...