AMD Poised for Growth in AI Market Amid Rising Competition
As the AI market is projected to exceed $1 trillion by 2030, AMD's new MI300X AI GPUs are attracting tech giants, posing a challenge to Nvidia's dominance.
- Advanced Micro Devices (AMD) is poised for a potential bull run in 2024, with its new MI300X AI GPUs expected to boost earnings.
- The AI market is projected to expand at a compound annual growth rate of 37% until at least 2030, exceeding $1 trillion before the end of the decade.
- AMD's MI300X AI GPUs are attracting tech giants like Microsoft and Meta Platforms, brightening AMD's future in AI.
- Despite Nvidia's dominance in the AI market, Intel and AMD are emerging as potential challengers with their own AI accelerator chips.
- Alphabet's new AI model, Gemini, coupled with its popular services like Google Search, Android, and YouTube, could prove to be a powerful combination in the AI expansion.
Investor's Business Daily 
