Posted 1/30/2024, 1:12:00 PM
AMD Gains Microsoft, Meta, Oracle as Major AI Chip Customers, Aims for 15-25% Market Share Despite Competitive Concerns
- AMD announced 3 major AI chip customers Microsoft, Meta, Oracle
- AMD positioning itself as main alternative to Nvidia for AI data center chips
- Expectations for AMD to ship 250k-500k MI300 chips in 2024
- That would give AMD 15-25% share of those customers' AI chip demand
- Analyst cut AMD rating on concerns over aggressive share gains attracting competition