Advanced Micro Devices Inc (NASDAQ:AMD) CEO Dr. Lisa Su said that currently, data centers and artificial intelligence represent a significant growth opportunity for AMD. The company is building strong momentum for its EPYC and AMD Instinct processors across a growing group of customers. With the new EPYC processors, AMD Instinct GPUs and Pensando DPUs, AMD is delivering industry-leading computing performance for customers’ most important and demanding workloads. Looking ahead, Lisa Su also sees the data center AI accelerator market growing to $500 billion by 2028. The company is committed to delivering innovation on a global scale through its advanced silicon, software, networking and cluster solutions.
Advanced Micro Devices Inc. (NASDAQ:AMD) partners detailed how they are leveraging AMD’s vendor-right data center solutions to support generative AI capabilities where cloud infrastructure provisioning is used by millions of people every day, including hybrid data centers for leading enterprises. Since the launch of the AMD Instinct MI300X accelerators in December 2023, they have been deployed in large scale by leading cloud, OEM and ODM partners, serving millions of users daily on popular AI models, including OpenAI’s ChatGPT, Meta Llama and over a million open source models on the Hugging Face platform.
Partner, Google highlighted how AMD’s EPYC processors power a wide range of AI, high performance, general-purpose and confidential computing instances, including their AI Hypercomputer, a supercomputing architecture designed to maximize the return on investment in AI. Google also announced that virtual machines based on the EPYC 9005 Series will be available in early 2025. AMD will also release its third quarter 2024 financial results on October 29, 2024..These facts have attracted the attention of multinational investment corporations and private investors to buy shares of Advanced Micro Devices Inc (NASDAQ:AMD) in particular, for which an average target price of $193.06 per share has been set for the short-to-medium term investment horizon.
