AMD To Showcase Next-Generation Data Center And AI Technology At June 13 Livestream Event
Comment of the Day

May 09 2023

Commentary by Eoin Treacy

AMD To Showcase Next-Generation Data Center And AI Technology At June 13 Livestream Event

This newswire may be of interest.

Today, AMD (NASDAQ:AMD) announced the "AMD Data Center and AI Technology Premiere," an in-person and livestreamed event to showcase the company's growth strategy and expanding product portfolio and capabilities for data center and AI. AMD Chair and CEO Dr. Lisa Su will be joined by other AMD executives and key customers to detail new products, and momentum across data center, AI, adaptive and high-performance computing solutions.  

Eoin Treacy's view

Since the GPT chatbot reveal a few months ago Nvidia has been the go-to investment destination for traders looking for an AI proxy. The company is the leader in developing the kind of graphics cards required to parse image data for the AI sector. That has fuelled both a rebound in the semiconductor sector and a rush by companies to compete.

AMD and Microsoft have apparently teamed up to develop their own AI chips. The former is rebounding from the region of the trend and has broken the medium-term downtrend.
The thing I was most surprised by at the MIT Tech Review AI conference last week was how squeamish many AI companies are in promoting the potential of their products. Palantir has no such reservations. The share jumped higher following strong earnings amid demand for its AI solution. 

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