AMD launches new AI chips to take on rival Nvidia

Investing.com-- Advanced Micro Devices Inc (NASDAQ:AMD) unveiled a new line of artificial intelligence chips at the Computex 2024 forum on Sunday, coming just a day after rival NVIDIA Corporation (NASDAQ:NVDA) revealed its next generation of chips to power AI development. 

AMD revealed a new flagship AI chip- the MI325X accelerator, set for launch in the fourth quarter of 2024, and also announced a new version of its Ryzen CPUs geared towards AI development on laptops and desktops. 

AMD also unveiled a new upcoming series of AI chips- the MI350, which will be available in 2025. 

The firm said it will partner with companies such as Microsoft Corporation (NASDAQ:MSFT) and Zoom Video Communications Inc (NASDAQ:ZM) to integrate more AI functions into consumer electronics.

AMD’s announcement comes just hours after rival and market major Nvidia unveiled its next generation of AI chips. The new chip architecture was dubbed “Rubin,” and came even as the firm’s current architecture, called “Blackwell,” was still in production and scheduled to ship later in 2024. 

AMD has been struggling to catch up with Nvidia, which came to dominate roughly 80% of the global AI chip market over the past year. The latter also saw an over three-fold spike in valuation over the past year, as its earnings benefited greatly from increased AI demand. 

While AMD has also doubled in valuation this year, it has largely lagged Nvidia in valuation and sales.