AMD's AI chip gains traction as Meta and Taiwan chipmakers show promising demand.

AMD has started shipping its "Bergamo" central processor, which has been adopted by Meta. The chip targets a different part of AMD's data center business, where it hopes to compete against Nvidia with a new "superchip" that analysts expect it to detail on Tuesday. AMD's most advanced graphics processing unit (GPU), the MI300, is also expected to be detailed. However, analysts say AMD will have to catch up on both software and research trends to compete with Nvidia's lead in the AI computing market.