Broadcom is launching the Thor Ultra networking chip to enhance AI computing systems and compete with Nvidia, aiming to solidify its presence in the growing AI market, which is projected to reach $60-$90 billion by 2027.
Oracle Cloud Infrastructure plans to deploy 50,000 AMD Instinct MI450 AI chips starting in late 2026, signaling increased competition with Nvidia in the AI GPU market and highlighting AMD's growing role as an alternative supplier for AI workloads.
Huawei's executive claims that chip process technology isn't the main barrier to scaling AI compute capabilities, highlighting architectural and software advancements that have led to three times higher efficiency than NVIDIA's H20 chip. Huawei's Ascend Cloud Platform is positioning itself as a global alternative to NVIDIA, with ongoing efforts to expand support for large language models and develop rival architectures, challenging US dominance in AI hardware.
AMD's stock surged nearly 9% following the unveiling of its new AI chips and systems, with investor optimism driven by upcoming product launches, potential partnerships like with AWS, and AMD's strategic roadmap to compete with Nvidia in AI infrastructure and accelerators.