Posted 2/10/2024, 4:35:26 PM
AMD Forecasts Major AI Chip Growth, Poised to Challenge Nvidia's Dominance
- AMD's 2024 Data Center GPU revenue outlook raised from over $2B to approx. $3.5B, indicating improved AI market positioning
- Analyst predicts AMD will gain over 20% share in AI GPU market over time
- Nvidia currently dominates with 70% AI accelerator market share, but creates competition with cloud customers
- AMD seen as credible alternative to Nvidia for AI, with open-source approach challenging Nvidia's software dominance
- Analyst believes AMD no longer limited to 20% market share given position as alternative to Nvidia