AMD Shares Rise Pre-Market After Semiconductor Giant Unveils New AI Chips To Challenge Jensen Huang's $2.7 Trillion Nvidia Empire from creampie money Watch Video

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✓ Published: 03-Jun-2024

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Advanced Micro Devices, AMD, saw a 1.26% increase in pre-market trading on Monday after revealing its latest AI processors. At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which is expected to be available in the fourth quarter of 2024, Reuters reported. The company aims to develop AI chips over the next two years to compete with Jensen Huang‘s $2.7 trillion industry leader Nvidia, NVDA.