AMD unveils new A.I. chip to rival Nvidia

Advanced Micro Devices Inc (NASDAQ: AMD) just revealed a new high-end graphics processing unit to rival Nvidia Corp (NASDAQ: NVDA) in serving A.I. heavy tasks.   

AMD MI300X advanced GPU is here

MI300X – the new A.I. chip or “accelerator” as AMD calls them supports up to 192GB of memory. In comparison, the Nvidia H100 can use up to 120GB only.

The new chip will ship to some customers by the end of this year. In a presentation on Tuesday, CEO Lisa Su said:

The semiconductor behemoth is yet to put a price tag on the MI300X, though. AMD shares have nearly doubled since the start of the year.

Should you buy AMD shares today?

One of the reasons why developers prefer Nvidia chips is CUDA – a software package that enables access to the chip’s hardware features. On Tuesday, though, AMD announced software that will go with its new A.I. chip as well.

Still, Scott Nations – the President of Nations Indexes rates AMD shares at “hold” only. On CNBC’s “Power Lunch”, he said:

Also on Tuesday, Advanced Micro Devices unveiled the Zen 4-powered Ryzen 7000 Pro series for desktops and laptops.