Don't miss out on AMD

Best, still bound to grow based on AI growth projections. 

AMD's Instinct MI300 data center chips are a strong challenger to NVIDIA's AI dominance, offering competitive performance and memory capacity:

- The MI300X boasts over 150 billion transistors, 2.4 times the memory of NVIDIA's H100 GPU, and 1.6 times the memory bandwidth at 5.3 TB/s[1][2]. This allows the MI300X to deliver comparable AI training performance and significantly higher AI inferencing performance compared to the H100[1].

- AMD CEO Lisa Su expects the AI chip market to reach $400 billion or more by 2027[1]. Major tech companies like Meta, OpenAI, and Microsoft have announced they will use AMD's MI300 AI chip[1].

- However, NVIDIA has leapfrogged ahead of AMD in AI for now[4]. NVIDIA's H100 remains the market leader, and the company's CEO stated there is $1 trillion worth of installed data centers globally, with $250 billion in annual expenditures growing 20% per year[4].

- AMD redid its tests comparing the MI300X to the H100 using NVIDIA's optimized software and found the MI300X is still 1.3x faster on inferencing[2]. Using latency results, the MI300X is 1 second faster than the H100[2].

In summary, while AMD's MI300 chips offer impressive performance and memory capacity, NVIDIA's H100 remains the dominant AI chip currently. But there appears to be significant growth potential for both companies in this rapidly expanding market[4].

Sources

[1] AMD launches MI300 chips: a challenger to Nvidia's AI dominance? https://techwireasia.com/12/2023/can-amd-mi300-chips-really-challenge-nvidia-ai-dominance/

[2] AMD vs Nvidia -- MI300x vs H100 - YouTube https://www.youtube.com/watch?v=12MwExDku4Y

[3] NVDA vs. AMD: Battle of the Chip Stocks - TipRanks.com https://www.tipranks.com/news/article/nvda-vs-amd-battle-of-the-chip-stocks

[4] Why AMD Doesn't Have To Beat Nvidia To Be A Winner In AI Chips https://www.investors.com/news/technology/ai-chips-amd-stock-vs-nvidia-stock/

[5] NVDA vs. AMD: Which Chip Stock is the Better Buy? - TipRanks.com https://www.tipranks.com/news/article/nvda-vs-amd-which-chip-stock-is-the-better-buy

$191.03

▲(19.67% Upside)

Based on 36 Wall Street analysts offering 12 month price targets for Advanced Micro Devices in the last 3 months. The average price target is $191.03 with a high forecast of $235.00 and a low forecast of $140.00. The average price target represents a 19.67% change from the last price of $159.63.