AMD Acquires An AI Software Company

AMD has acquired Mipsology, an AI software start-up, to enhance their AI inference software capabilities, specifically in developing their full AI software stack and expanding their open ecosystem of software tools, libraries, and models to streamline the deployment of AI models running on AMD hardware.

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8/24/2023

AMD: Shares Undervalued as It Takes a Piece of the AI Pie

Advanced Micro Devices (AMD) is well-positioned to thrive in the artificial intelligence accelerator chip market and benefit from favorable trends in the data center, AI, and gaming, making its shares undervalued, according to Morningstar.

8/30/2023

Is AMD The Dark Horse Of The AI Silicon Race?

Nvidia has been a major beneficiary of the growing demand for artificial intelligence (AI) chips, with its stock up over 3x this year, but Advanced Micro Devices (AMD) is also poised to emerge as a key player in the AI silicon space with its new MI300X chip, which is targeted specifically at large language model training and inference for generative AI workloads, and could compete favorably with Nvidia.

9/1/2023

2 Cheap AI Stocks That Are Not Microsoft to Buy Hand Over Fist Before They Take Off

Microsoft's integration of OpenAI's AI algorithms has resulted in a 35% increase in the company's stock gains, while Alphabet and Advanced Micro Devices (AMD) are also attractive AI stocks due to their AI deployments and potential for earnings growth.

9/5/2023

AMD: Generative AI Growth Doesn't Only Belong To Nvidia

AMD has the potential to capture a significant share of the growing generative AI industry, with the company's data center guidance showing high revenue growth in the upcoming quarter and the anticipation of its upcoming MI300X processors driving continuous quarter-over-quarter growth in the data center sector.

9/5/2023

Forget Nvidia: 1 Artificial Intelligence (AI) Stock to Buy Hand Over Fist in September

Advanced Micro Devices (AMD) stock is rising as investors recognize its potential in the artificial intelligence (AI) hardware market, making it a strong competitor to Nvidia, especially with the launch of its M1300X AI chip in the third quarter of 2023.

9/16/2023

AMD Unveils Ryzen AI Software Tools to Boost Performance of AI Workloads on Ryzen 7000 Chips

AMD has released version 0.8 of its Ryzen AI Software Platform, providing tools for developers to make use of the Ryzen 7040-series APUs' AI hardware engine and offering integration with popular frameworks like TensorFlow and PyTorch.

9/19/2023

AMD Cautious on AI Chips, Sees Gaming PC Slowdown and Commercial PC Share Gains

AMD's director for the commercial client business, Justin Galton, believes that AI adoption on desktops is not yet widespread and may take some time to become apparent, with AMD's dedicated AI accelerator currently only available in one CPU model and more AI-equipped processors set to be released in 2024. Galton also mentioned that small to medium businesses may not be enthusiastic about AI, and that Intel may have more AI-ready desktop processors than AMD. Additionally, a gaming market report predicts a drop in demand for gaming PCs in 2023, while gaming monitor shipments are expected to increase. With regards to AMD's products, Galton said that buyers are currently opting for modestly priced PCs with Ryzen 5000 and 6000 models due to Intel's excess inventory. Additionally, AMD aims to expand its market share in commercial PCs to 20% in 2024.

9/20/2023

AI Boom to Shift from Model Training to Inferencing, Benefitting Chipmakers and Cloud Giants

The growing demand for inferencing in artificial intelligence (AI) technology could have significant implications for AI stocks such as Nvidia, with analysts forecasting a shift from AI systems for training to those for inferencing. This could open up opportunities for other companies like Advanced Micro Devices (AMD) to gain a foothold in the market.