AMD is the second largest AI chip company (after Nvidia). It released its financial report yesterday. Its Q3 performance and Q4 outlook were both slightly below expectations, but its stock price plummeted by 7%, which may be an oversold reaction. In particular, its data center revenue hit a record high, up 122% year-on-year, and OpenAI announced that it would increase its AI chips from AMD, hoping that its chip supply would not only rely on Nvidia, proving that AMD's AI chips are still in short supply.

AMD’s AI Chip Market Surge: Record Data Center Revenue and OpenAI Partnership Amid Stock Dip

Oct 30 2024