AMD Unveils Game-Changing AI Chip to Challenge Nvidia and Boost Stock Performance

Advanced Micro Devices (AMD) has unveiled its new MI300 accelerator chips, aiming to compete with Nvidia in the AI chip market. AMD CEO Lisa Su also predicted that the AI chip industry could reach over $400 billion in the next four years. The MI300 lineup boasts more transistors and memory than Nvidia's current market leader, and AMD is confident that it can win over major tech companies like Microsoft, Oracle, and Meta Platforms. However, Nvidia is developing its own next-generation chips, and AMD's revenue from accelerators is projected to reach $2 billion in 2024, a fraction of the estimated $400 billion market.