AMD Targets Nvidia Dominance with MI350 AI Accelerator Launch, Projecting Data Center Revenue Near $12.6 Billion
Summary
Advanced Micro Devices (AMD) is intensifying its challenge to Nvidia in the high-growth AI accelerator market, projecting its 2024 data center revenue to nearly double to $12.6 billion. This growth is underpinned by the upcoming launch of the MI350 series in mid-2025, which promises a 35x improvement in inference performance. The MI350 has already secured deployment commitments from tier-one cloud and AI customers, including Microsoft, Meta, and OpenAI, validating AMD's competitive strategy against its primary rival.
AMD is launching the MI350 AI accelerator in mid-2025.
Data center revenue is projected to nearly double to $12.6 billion.
This hardware move directly challenges Nvidia’s market leadership in AI.
Key Takeaways
- AMD expects 2024 data center revenue to reach $12.6 billion.
- The MI350 is slated for a mid-2025 launch with 288GB HBM3E memory.
- Microsoft, Meta, and OpenAI have committed to MI350 deployment.
Sentiment: Bullish
Sentiment is bullish due to significant revenue growth and tier-one customer validation.
Disclaimer: This is an AI-generated summary of a press release . The model used to summarize this release may make mistakes. See the full release here.
