Can AMD’s New AI Chip Close the Gap with Nvidia?

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Advanced Micro Devices (AMD) will report Q3 earnings after the close today, and market attention will be focused on the rollout of the company’s new MI300 artificial intelligence (AI) accelerator chip, seen as a competitor to Nvidia’s (NVDA) H100 chip. Both chips are used in AI applications that make data manipulation more effective in a process called training. AMD’s new MI 300 AI chip is expected to be released sometime in the fourth quarter. Nvidia currently owns most of the market share for AI applications with its H100 chip, which helped turn it into the first trillion-dollar semiconducto…

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