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Advanced Micro Devices Projects $45B AI Chip Market In 2023: Analysts Take A Look At Advancing AI Event, MI300X Launch

Benzinga LogoBenzinga2 mo ago

Advanced Micro Devices Projects $45B AI Chip Market In 2023: Analysts Take A Look At Advancing AI Event, MI300X Launch - Benzinga

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Raymond James On Advanced Micro Devices

Analyst Srini Pajjuri maintained a Strong Buy rating, while raising the price target from $125 to $140.“AMD officially launched its Instinct MI300X Data Center GPU targeted for AI/ML workloads,” Pajjuri said in a note.Microsoft Corp. (NASDAQ: MSFT), Oracle Corp (NASDAQ: ORCL) and Meta Platforms Inc (NASDAQ: META) took the stage with major server OEM customers, “highlighting the broad-based design win momentum,” he added.“We are particularly encouraged by META’s plans to use MI300X for inferencing, as we believe internal workloads are important for sustained volume ramps in the near term,” the analyst stated.

Goldman Sachs On Advanced Micro Devices


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Article Details

Author / Journalist: Priya Nigam

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-12-07 @ 21:56:50 (2 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 19245285

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Official Website: benzinga.com

Update Frequency: 13 posts per day

Year Established: 2010

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News Last Updated: 9 hours ago

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Publisher ID: #53

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