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Barchart
Pathikrit Bose

Is AMD Stock a Buy for Data Center Upside?

AMD Nvidia Silo AI

Advanced Micro Devices (AMD), more popularly known as AMD, the semiconductor giant, recently held its AI event “Advancing AI,” where two specific launches grabbed attention - the Instinct MI325X and the Ryzen AI PRO 300 Series processors.

First up is the Instinct MI325X, its new artificial intelligence (AI) chip. Slated to begin production before the end of 2024, the new chip aims to gain market share of the lucrative data center GPUs space (forecast to reach $500 billion by 2028, according to the company), which is currently dominated by Nvidia (NVDA). Meanwhile, the new Ryzen AI PRO 300 Series processors is aimed at the PC market.

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