INTC - What's Going On With AMD Stock Wednesday? | Benzinga
Advanced Micro Devices, Inc (NASDAQ: AMD) stock continues piquing investor attention with its artificial intelligence offering MI300 Data Center GPU, intensifying rivalry with Nvidia Corp (NASDAQ: NVDA).
Nvidia's closes AI chip rival AMD gained 17% last month, which reflects the success of its AI offering. Nvidia has gained slightly over 2%.
After Nvidia, analysts see AMD as the next leading player in the accelerator market.
Analysts see AMD securing 5% - 10% of the expanding market, likely to reach between $150 billion - $400 billion by FY27E.
In a recent client note, Deutsche Bank analysts highlighted AMD's strong positioning in leveraging the rapidly growing AI Total Addressable Market (TAM). They emphasized the company's accumulating customer partnerships and the launch of products showcasing remarkable performance metrics, CNBC reports.
In late 2023, a flurry of announcements by ...