Intraday drop of over 5%! AMD challenges Nvidia ai chip, why did the stock price still plummet?
The new product did not significantly change the recent financial outlook. Investors are looking forward to AMD's AI investment paying off, and are still waiting for signs of AMD catching up with nvidia, which may only be seen in the third quarter financial report. Comments state that AMD's new GPU MI325X cannot effectively challenge nvidia's dominant position, claiming to benchmark against Blackwell, but actual performance may not match Blackwell.
What Happened With AMD Stock Today?
AMD releases ai chip competitor to nvidia, expected market size to reach 500 billion dollars in four years.
①The newly launched MI325X, like the MI300X, is based on the CDNA 3 architecture, with upgrades in HBM3e memory capacity; ②AMD has announced that the upcoming MI355X next year will see significant architectural upgrades and further increase in memory capacity; ③Lisa Su once again boldly predicts that the total market size of AI chips will reach $500 billion in 2028.
SOX index fell, with AMD and entegris declining.
Closing Price Previous Day Change % High Low SOX Index 5293.94 -27.96 -0.52 5322.06 5224.53 Philadelphia Semiconductor Index (SOX) fell. Among individual stocks, Advanced Micro Devices (AMD), Integris, ASML Holding, Skyworks Solutions Inc, Onto Innovation, Cirrus Logic, Te
18 Stocks To Buy, 7 To Sell This Earnings Season: Goldman Sachs Calls It 'The Year Of The Stock Picker'
High Dividend Growth + High Free Cash Flow Yield Stocks = a Winning Strategy
AMD launches the MI325X AI accelerator, claiming to outperform nvidia in performance, but the stock price rose and then fell.
CEO Su Zifeng said that the AMD AI accelerator, benchmarked against Nvidia Blackwell, will start mass production and shipment in the fourth quarter, with performance surpassing Nvidia. It is expected that by 2028, the AI accelerator market will reach $500 billion. In terms of revenue, AMD has a 34% market share in the datacenter CPU field, with its latest CPU outperforming Intel. However, some analysts believe that AMD's new products are unlikely to impact Nvidia's datacenter revenue.
AMD Is Qualifying Chip Production At TSMC Arizona Plant; Has No Current Plans To Use Foundries Other Than TSMC
Josh Brown Flags 'Monster' Call Buying In Nvidia Up To $190 Strike: 'This Is Not Retail Money'
Super Micro Stock Slips as Barclays Added Its Voice to Doom and Gloom Worries
Advanced Micro Devices Debuts AI Chips to Rival Nvidia
This Is What Whales Are Betting On ASML Holding
Supermicro Launches New Servers And GPU Accelerated Systems Featuring AMD EPYC 9005 Series CPUs And Instinct MI325X GPUs For AI Workloads; New H14 Product Line Offers Enhanced Performance, Density, And Cooling Solutions For AI And Cloud Data Centers
AMD Unveils Ryzen AI PRO 300 Series Processors Featuring Unprecedented AI Compute Capabilities, Extended Battery Life, And Enhanced Security For Next-Gen Business PCs; Collaborates With Microsoft, HP, And Lenovo To Drive AI-Driven Innovations For...
AMD Shares Are Trading Lower. The Company Hosted Its "Advancing AI 2024" Event.
10 Information Technology Stocks Whale Activity In Today's Session
AMD Says New Chip Has As Many As 192 Processor Cores; Turin Will Perform Better Than Even New Intel Chips
Hotter Inflation But Jobless Claims Cushion The Blow – Selling In Nvidia And AI Stocks
LIVE: Advancing AI 2024 @AMD
Biotech and Retail ETFs Have the Highest Implied Call Return According to Goldman