AMD and Nvidia introduce new AI chips, intensifying competition; positive.

From Nasdaq: 2024-06-03 13:19:00

1. AMD announces new AI processors at Computex, challenging Nvidia in the AI semiconductor market. CEO Lisa Su presented the MI325X accelerator, set for release in Q4 2024. Meanwhile, Nvidia unveils its next-gen AI chips – Rubin, with 8 HBM4 memory stacks, available in 2026 with a new central processor named “Vera.”

2. The surge in AI programs fuels demand for advanced chips in data centers. AMD aims to compete with Nvidia’s 80% market share. Both companies commit to annual AI chip releases. The Rubin AI platform offers cost and energy savings, while AMD plans to release MI350 and MI400 series chips with improved performance.

3. Investors watch AMD and Nvidia for AI chip updates. AMD shares have doubled since early 2023, with projected AI chip sales of $4 billion in 2024. Nvidia sees a seven-fold surge, while both companies offer attractive ETF investment options with exposure to top-performing ETFs such as SHOC, WUGI, SOXQ, and LRNZ.

4. Investors can tap into AMD and Nvidia through various ETFs like SHOC, WUGI, SOXQ, and LRNZ. AMD has exposure to these ETFs ranging from 6.11% to 7.23%, while Nvidia has higher exposure, ranging from 15.27% to 31%. ETFs offer a convenient way to invest in both companies and track their performance in the market.



Read more at Nasdaq: AMD-Nvidia ETFs in Focus Amid New Chip Introductions