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AMD's New AI Chips Just Got a Huge Vote of Confidence From Sam Altman
You can see it from the stock price: Not a lot of people are taking Advanced Micro Devices (NASDAQ: AMD) seriously right now as a competitor to its much larger rival, Nvidia. Even though many stocks involved in artificial intelligence (AI) have been hot buys, Advanced Micro Devices, also known as AMD, has been lagging behind.Over the past 12 months, shares of AMD are down 20%, while Nvidia's have risen by around 14% (as of June 23). And if you stretch out the time frame even further, the difference becomes wider.AMD was a bit late in launching AI accelerators, but it may finally be closing the hardware performance gap and possibly even catching up to Nvidia. It recently announced its latest AI chips, and one person who is excited about them is none other than OpenAI CEO Sam Altman.Continue reading
You can see it from the stock price: Not a lot of people are taking Advanced Micro Devices (NASDAQ: AMD) seriously right now as a competitor to its much larger rival, Nvidia. Even though many stocks involved in artificial intelligence (AI) have been hot buys, Advanced Micro Devices, also known as AMD, has been lagging behind.
Over the past 12 months, shares of AMD are down 20%, while Nvidia's have risen by around 14% (as of June 23). And if you stretch out the time frame even further, the difference becomes wider.
AMD was a bit late in launching AI accelerators, but it may finally be closing the hardware performance gap and possibly even catching up to Nvidia. It recently announced its latest AI chips, and one person who is excited about them is none other than OpenAI CEO Sam Altman.
