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Advanced Micro Devices (AMD) will report Q3 earnings after the close today, and market attention will be focused on the rollout of the company’s new MI300 artificial intelligence (AI) accelerator chip, seen as a competitor to Nvidia’s (NVDA) H100 chip. Both chips are used in AI applications that make data manipulation more effective in a process called training. AMD’s new MI 300 AI chip is expected to be released sometime in the fourth quarter.
Nvidia currently owns most of the market share for AI applications with its H100 chip, which helped turn it into the first trillion-dollar semiconductor company. However, the release of AMD’s new AI MI300 accelerator chip is seen as key to the direction of the stock. In an earnings call later today, AMD CEO Lisa Su is expected to provide details on AMD’s newest product along with how the company is navigating an improving environment for personal computers and tepid demand for server chips, key markets for the company.
