AMD challenges Nvidia and announces new chips. But Wall Street freezes it out
The Californian company presents its innovations in San Francisco, but investors expected something different
2' min read
2' min read
Advanced Micro Devices (better known as AMD) challenges Nvidia again, and announces mass production of a new version of its MI325X artificial intelligence chip. Chip that will arrive in the fourth quarter of the year. This was promised by the company's CEO, Lisa Su, during an event in San Francisco.
After the announcements, however, the enthusiasm does not seem to have won over Wall Street, with AMD's stock losing ground, slipping more than 4 per cent.
At the Moscone Center in San Francisco, AMD also announced that it plans to release its next-generation MI350 series chips in the second half of 2025. These will be processors with higher performance in power savings and computation. AMD's project aims to compete with Nvidia's Blackwell architecture, the latest jewel of Jensen Huang's company that aims to consolidate its leadership in the world of semiconductors for artificial intelligence.
Since the beginning of the year, AMD's stock has gained around 17%, thanks to the rally in chip stocks. And the reason is quite simple: at this particular moment in history, the demand for processors for AI systems is greater than the supply, and apart from Nvidia, all chip manufacturers related to artificial intelligence manage to sell what they produce.
So why did the market, after Lisa Su's announcements, punish AMD. The answer probably lies in the fact that the company has not announced any new customers coming in. And today, investors are eager to see new technological improvements from the companies involved, to determine whether they can sustain this momentum.
