AMD reveals AI plans for strong year-end in the wake of Q2 results

<img width="250" height="188" src="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-250×188.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="AMD reveals AI plans for strong year-end in the wake of Q2 results" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-250×188.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-700×525.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-768×576.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-1536×1152.jpg 1536w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-120×90.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-245×184.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1-500×375.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-iStock-173798231-1.jpg 2000w" sizes="(max-width: 250px) 100vw, 250px" /><p>In the same breath, AMD predicted ending the year on a strong financial note as it plans to launch AI chips that are on par with the current Nvidia offerings. CEO Lisa Su indicated that the company aims to boost the manufacture of the <a href="https://www.leaprate.com/forex/brokers/forex-com-announces-offering-automated-trading-strategies-with-capitalise-ai/" target="_blank" rel="noopener">artificial intelligence</a> M1300 semiconductors, one of its flagship products, in the fourth quarter. The design of these is in line with the Nvidia H100 chips already on the market.</p>
<p>A supply shortage of accelerator chips drives this decision. Su indicated that, based on their market research, interest in these semiconductors from top-level cloud providers and forefront AI giants is significant. These include prominent names such as <a href="https://www.leaprate.com/forex/market-news/daily-market-news-microsoft-beats-expectations-amd-agrees-35bn-deal-for-rival/" target="_blank" rel="noopener">Microsoft</a> and Google, as they are looking to invest in beefing up their data centres during the latter half of 2023.</p>
<div><img aria-describedby="caption-attachment-450047" decoding="async" class="wp-image-450047" src="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-Jean-Hu.webp" alt="AMD reveals AI plans for strong year-end in the wake of Q2 results" width="98" height="98" srcset="https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-Jean-Hu.webp 170w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-Jean-Hu-150×150.webp 150w, https://www.leaprate.com/wp-content/uploads/2023/08/FIN-LP-AMD-reveals-AI-plans-for-strong-year-4916073159-Jean-Hu-120×120.webp 120w" sizes="(max-width: 98px) 100vw, 98px" /><p>Jean Hu Source: Crunchbase</p></div>
<p>Experts believe there’s a gap in the market for AI processors, and AMD recognised this. Jean Hu, AMD’s finance chief, commented:</p>
<blockquote><p>“Looking to the third quarter, we expect our Data Center and Client segment revenues to each grow by a double-digit percentage sequentially driven by increasing demand for our EPYC and Ryzen processors, partially offset by Gaming and Embedded segment declines.”</p></blockquote>
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