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StockNews.com
StockNews.com
Business
Subhasree Kar

Buy or Sell this Week: Advanced Micro Devices (AMD)

While software companies continue to prioritize the development of artificial intelligence (AI) capabilities, AI hardware is also gaining significant traction. Advanced Micro Devices, Inc. (AMD), a leading chip manufacturer, recently unveiled its Instinct MI300 series chips for generative AI, directly challenging market leader NVIDIA Corporation (NVDA).

The new chip is expected to be released in the third quarter, with mass production starting in the fourth quarter. However, AMD has not yet provided information about which companies will adopt the MI300X or its smaller counterpart, the MI300A.

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