AMD AI Chip Revenue Expected to Exceed $2 Billion in 2024, Stock Up 9%
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AMD recently released its financial report showing strong growth in its AI chip business, with revenues expected to reach $20 billion by 2024, a fivefold increase from this year. Following this news, AMD's stock price surged by over 9% within a single day. Analysts believe that AMD, leveraging its GPU technology prowess, is poised to capture a 10%-20% market share in the AI chip sector, posing a competitive threat to NVIDIA. AMD's AI chip product line includes the MI series chips designed for data centers and enterprise applications. Industry insiders are optimistic about AMD's challenge to NVIDIA's dominant position in the AI chip market.
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