AMD Poised to Ride $1.8 Trillion AI Boom Through Data Center Chips and Ryzen Processors
• The global AI market is growing rapidly, expected to reach $1.8 trillion by 2030, presenting a big opportunity for companies like AMD.
• AMD is well-positioned to capitalize on AI growth through its data center business and new MI300 GPUs for AI workloads.
• AMD expects over $3.5 billion in data center GPU sales in 2024, but estimates go as high as $5-8 billion.
• Increasing demand for AI-enabled PCs, over 90% of which use AMD Ryzen processors today, provides another growth avenue.
• AMD trades at a lower valuation multiple than competitor Nvidia despite its strong position in the high-growth AI market.