AMD Chips Chase Nvidia in AI, But Software Gap Looms Large
-
AMD is trying to challenge Nvidia's dominance in AI chips, but is far behind in software needed to power AI workloads.
-
AMD hopes its new MI300X chip can compete with Nvidia's flagship GPU, but its software lags Nvidia's Cuda platform.
-
Major cloud providers like AWS and Microsoft have shown interest in AMD's new chip, but adoption remains uncertain.
-
Analysts disagree on whether AMD can significantly close the gap with Nvidia in the exploding AI chip market.
-
AMD stock looks about 7% overvalued based on a $130 price target, but investors have baked in very high growth expectations that may be hard to beat.