TECH - Chip ETFs in Focus on New Generation AI Product Launches | Benzinga
Big chipmakers have been racing to introduce new-generation artificial intelligence chips. There have been announcements from Intel (NASDAQ: INTC), Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA). Intel on Tuesday announced new Xeon 6 processors during the Computex tech conference in Taiwan.
Before this, Advanced Micro Devices introduced its latest AI processors at the Computex technology trade show in Taipei. CEO Lisa Su presented the MI325X accelerator, scheduled for release in the fourth quarter of 2024. This move is part of AMD's strategic plan to challenge industry leader NVIDIA in the competitive AI semiconductor market.
Growing Demand for AI Chips
The surge in generative AI programs has created a high demand for advanced chips used in AI data centers. California-based AMD is striving to compete with Nvidia, which currently dominates about 80% of the AI semiconductor market.
Intel is trying to catch up to NVIDIA and AMD, after having largely been unnoticed in the AI ...