Bitcoin price today: little changed near $119k ahead of Fed meet, tariff deadline
Investing.com -- Advanced Micro Devices (NASDAQ:AMD) showcased a new lineup of artificial intelligence chips designed to compete with Nvidia’s (NASDAQ:NVDA) flagship processors during an event called "Advancing AI" on Thursday.
CEO Lisa Su presented the MI350 series and MI400 series AI chips, which she positioned as direct competitors to Nvidia’s Blackwell line. AMD shares remained relatively flat in early afternoon trading following the announcement.
During the presentation, executives from X.AI, Meta Platforms (NASDAQ:META), and Oracle (NYSE:ORCL) joined Su on stage to discuss their implementations of AMD processors.
Su confirmed AMD’s product roadmap for the coming year, which will align with the annual release schedule Nvidia established with its Blackwell chips. The company has been working to capture market share in the rapidly expanding AI chip sector, where Nvidia currently holds a dominant position.
AMD has focused on enhancing its software capabilities and developing chips that can match Nvidia’s performance metrics. The Thursday event centered on AMD’s data center chips and related hardware offerings.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.