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Why Advanced Micro Devices Stock Popped Today

TheMotleyFool 
0 0 07.12.23
Why Advanced Micro Devices Stock Popped Today: https://g.foolcdn.com/editorial/images/757543/ai-chip-on-motherboard.jpg
 

Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 9.9% on Thursday after the chipmaker launched a line of new large accelerated processing units (APUs) designed to handle AI workloads that could rival similar offerings from Nvidia (NASDAQ: NVDA).

At the company's "Advancing AI" event yesterday, Advanced Micro's CEO Lisa Su introduced the previously announced Instinct MI300X APUs, which are designed for artificial-intelligence (AI)-oriented servers. They combine the power of the company's graphics processing units (GPUs) and central processing units (CPUs). Su added that both Microsoft and Meta have already committed to using the chip.

Nvidia currently dominates the industry, with an estimated 80% market share in AI chips.

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Source Fool.com

Advanced Proteome Therapeutics Stock

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