Compile | Yin Mingshun
Edit | Desert Shadow
Zhidong reported on October 11 that according to Bloomberg, today's chip giant AMD stock recorded its biggest one-day decline since September 3, down 4% from the previous trading day, and the stock price fell to $164.18. But on a macro level, AMD shares are still up 11% overall this year.
Yesterday's AMD Advancing AI 2024 event brought us a lot of cutting-edge news, the launch of the MI325X AI CPU and a number of network chips gave AMD full confidence in the future development of the chip market.
When it comes to competitors and future partnerships, AMD believes that it has a differentiated advantage and is very open-minded about working with other competitors.
▲Schematic chart of AMD's stock price (Source: Reuters)
1. The performance of the new product surpasses that of NVIDIA and Intel? Set a revenue target of $4.5 billion
AMD today held the AMD Advancing AI 2024 event and unveiled the MI325X AI accelerator and a number of networking chips. At the meeting, CEO Lisa Su said that MI325X uses a new memory chip that has better performance when running AI software, which has more advantages than Nvidia H100.
Su believes that AMD's latest chips will surpass other competitors in some capabilities.
In addition, Su also talked about the details of the technological innovation that the company is currently advancing, she said, the company is currently launching a series of new CPUs based on Turin technology. Computers equipped with AMD's fifth-generation EPYC CPUs are now on sale, she said. According to Su, these chips have as many as 192 processor cores, surpassing Intel's latest products in terms of performance.
Su expects demand for AI to continue to grow and that the industry is "just getting started" in terms of using new technologies.
In an interview with Bloomberg, Su said: "The market is growing rapidly these days. And added: "I think it's a great opportunity. ”
▲Bloomberg interviewed Su Lifeng (Source: Bloomberg)
AMD has also set a sales target of $4.5 billion for new chips this year, and the growth is fast.
As for the future situation of the overall market, Su Lifeng made a positive and bold prediction. She believes that the overall market size is expected to reach $500 billion by 2028.
2. Differentiated strategic positioning, not excluding cooperation with competitors
Lisa Su explained the company's differentiation strategy and compared it with NVIDIA. She believes that AMD's strategy is different from Nvidia's, and this difference resonates with customers, whose competitors offer complete systems, including models and software, and these systems are closed.
In addition, Su also said that AMD has no plans to change its cutting-edge manufacturing suppliers at this time. But the company wants to achieve broader diversity in production and is considering a partnership with TSMC's new Arizona facility.
Su also revealed some possible future collaborations, which she believes AMD is open to, and she has not ruled out the possibility of cooperating with Samsung Electronics or companies such as Intel and Nvidia. In response, she said: "I think it's not just us who have good ideas. ”
In an interview, Su added: "We have been monitoring the state of the manufacturing industry and are always thinking about how to build the most resilient supply chain. ”
Conclusion: In reality, AMD's competitive landscape is still unclear
According to Bloomberg, AMD has become Nvidia's biggest competitor in the AI processor market, and it is working to break Nvidia's dominance in the AI processor space, and is now working to accelerate the pace of innovation and launch new CPUs. But despite this, AMD still has to work hard for a long time to match Nvidia. But that may not be known until the company's quarterly earnings report comes out, which is expected to be released around the end of this month.
AMD said it currently has a 34 percent share of the market for such chips in terms of revenue. While Intel still dominates the market, its market share has fallen sharply from 99% in the past.
▲Comparison chart of AMD and Intel's market capitalization (Source: Bloomberg)
Source: Bloomberg Reuters