AMD launches new AI chips to take on rival Nvidia

) unveiled a new line of artificial intelligence chips at the Computex 2024 forum on Sunday, coming just a day after rival NVIDIA Corporation (NASDAQ:AMD revealed a new flagship AI chip- the MI325X accelerator, set for launch in the fourth quarter of 2024, and also announced a new version of its Ryzen CPUs geared towards AI development on laptops and desktops.AMD’s announcement comes just hours after rival and market major Nvidia unveiled its next generation of AI chips.

AMD has been struggling to catch up with Nvidia, which came to dominate roughly 80% of the global AI chip market over the past year. The latter also saw an over three-fold spike in valuation over the past year, as its earnings benefited greatly from increased AI demand. While AMD has also doubled in valuation this year, it has largely lagged Nvidia in valuation and sales.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

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Source: Tech Daily Report (techdailyreport.net)

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