Nvidia has few competitors working at a large scale. Nvidia, whose shares have surged 170% so far this year, dominates the AI computing market with a market share of 80% to 95%, according to analysts. They want AMD to say they have replaced Nvidia in some design," said Kevin Krewell, principal analyst at TIRIAS Research. "I think the lack of a (large customer) saying they will use the MI300 A or X may have disappointed the Street. Nvidia shares finished 3.9% higher at $410.22, making it the first chipmaker to close with a market capitalization above $1 trillion. The company gave no details on how much the chip will cost or how it will bolster its sales.ĪMD's shares have doubled in price since the start of the year and touched a 16-month high earlier on Tuesday, but closed down 3.6% after the presentation on the AI strategy. We really do think it's differentiating."īut unlike past presentations where AMD has talked up a major customer for a new chip, AMD did not say who will adopt the MI300X or a smaller version called the MI300A. "We've seen in customer workloads that it runs much faster. "The more memory that you have, the larger the set of models" the chip can handle, Su said. She spoke following a keynote presentation in San Francisco during which Su showed an AI system on the MI300X chip writing a poem about the city. That could help tech companies get a handle on the spiraling cost of delivering services similar to ChatGPT, AMD Chief Executive Lisa Su told Reuters in an interview. Santa Clara, California-based AMD said the forthcoming chip, which will start trickling out in the third quarter followed by mass production beginning in the fourth quarter, will have 192 gigabytes of memory. June 13 (Reuters) - Advanced Micro Devices Inc (AMD.O) on Tuesday gave new details about an artificial intelligence chip that will challenge market leader Nvidia Corp (NVDA.O), but the company left out what Wall Street wanted to know - who plans to buy it.
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