AMD, Micron to Unleash New AI Chips, Setting Stage for Growth Spurt in 2024
-
AMD is releasing new AI-focused chips, like the MI300 data center chips and Ryzen 7000 consumer chips, that could drive substantial revenue growth in 2024.
-
Micron launched a new memory chip, HBM3E, that can accelerate AI model training by 30% and reduce power consumption.
-
Sluggish 2023 chip demand from consumers is expected to rebound in 2024.
-
Widespread AI adoption is increasing demand for memory and storage chips. Micron's revenue could grow over 40% in 2024 and 2025.
-
AMD and Micron's new AI-optimized chips are arriving just in time for broad adoption of AI in devices and data centers. Their stocks could benefit greatly in 2024.