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This text first appeared on GuruFocus.
AMD (AMD, Financials) shares edged decrease Thursday after CEO Lisa Su confirmed key particulars concerning the firm’s upcoming Intuition MI450 graphics chip, a extremely anticipated GPU constructed for synthetic intelligence workloads.
Su mentioned in an interview that the MI450 will use TSMC’s 2-nanometer course of for its important compute die the primary time AMD has used the superior expertise. Different elements of the chip, together with the media and interposer dies, will use 3nm tech, in line with business studies.
The MI450 will play a central position in AMD’s new partnership with OpenAI, which can use the chips in its AI knowledge facilities. As a part of the deal, OpenAI may even take a ten% possession stake in AMD.
Whereas the information underscores AMD’s rising presence in AI {hardware}, the inventory slipped about 0.7% Thursday. Even with the dip, AMD stays up greater than 90% yr to this point, pushed by surging demand for GPUs and the increasing AI market.
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