CEO Lisa Su to Present Advanced Micro Devices, Inc. (AMD)’s Future Growth Plans at Upcoming AI Event as Company Aims to Compete with NVIDIA in GPU Market (excerpts)
Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. Lisa Su, the CEO of the firm, is set to appear at an upcoming AI event hosted by the chipmaker that will outline the future growth plans. Su has been a driving influence at the company as it transitions into an AI powerhouse. Previous history suggests that she is up to this task. When Su took over the company in 2014, the stock was at $3. In the decade since, it has climbed to above $170. The increase is attributable to the focus on manufacturing of central processing units (CPUs) used in laptops and PCs, and graphics processors used in gaming consoles and now AI clusters. AMD recently closed the purchase of Xilinx and the $1.9 billion acquisition of data center networking company Pensando.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is seeking to rival NVIDIA in the manufacture of GPUs. So far, the MI300X chip of the company competes with the H100 chip of NVIDIA in terms of power and efficiency, but AMD still lags behind NVIDIA when it comes to more advanced chips like the H200, as well as Blackwell. Su recently told Time that the chipmaker wants to become a high-performance computing leader.
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AI seems all the rage; company fortunes are made & lost on their AI outlook; I'm not sure that is a good thing. AI is more Marketing sizzle than anything & is not yet even half bake IMO.