Advanced Micro Devices (AMD) is gearing up for an exciting announcement at an upcoming event in San Francisco on Thursday, where it is expected to unveil several new artificial intelligence (AI) processors and chips. As AMD looks to strengthen its position in the competitive AI chip market, which is predominantly led by Nvidia, this launch could mark a significant step forward for the company.
Among the highlights of the event are the anticipated MI325X chip and the next-generation MI350 chip, which AMD initially introduced during the Computex trade show in Taiwan this past June. The MI350 series is designed to deliver enhanced computing power and memory capabilities, positioning it as a competitor to Nvidia's Blackwell architecture.
In addition to the AI chips, AMD is likely to announce new server central processing units (CPUs) and PC chips that offer increased AI computing capabilities, further showcasing the company’s commitment to advancing AI technology.
AMD's current MI300X AI chip, launched late last year, has quickly gained traction, prompting the company to ramp up production to meet the surging demand. In July, AMD revised its AI chip revenue forecast for the year from $4 billion to $4.5 billion, reflecting the increasing interest in generative AI products and solutions.
Despite this growth, analysts suggest that AMD's announcements may not significantly impact Nvidia’s data center revenue, as demand for AI chips continues to outstrip supply.
According to estimates from LSEG, AMD is projected to report data center revenue of $12.83 billion this year, while Nvidia's data center revenue is expected to reach $110.36 billion. This stark contrast underscores the competitive landscape, with data center revenue serving as a key indicator of the demand for AI chips essential for building and operating AI applications.
