Big chipmakers launching new-generation AI products to compete, with AMD challenging NVIDIA's market dominance.

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

Big chipmakers like Intel, AMD, and Nvidia are racing to release new-generation AI chips. AMD introduced the MI325X accelerator, challenging NVIDIA’s dominance in the AI semiconductor market. Intel unveiled Xeon 6 processors for high-intensity data center workloads, catching up to the competition. NVIDIA also announced its new Rubin AI platform with HBM4 memory, set to launch in 2026.

The demand for AI chips is surging due to generative AI programs, with AMD striving to compete with NVIDIA’s 80% market share. Intel aims to close the gap by delivering better performance and power efficiency. AMD plans to release new AI chips annually, while NVIDIA is committed to launching new models each year. Investors closely monitor AMD and NVIDIA for updates on AI chip developments. AMD anticipates AI chip sales of approximately $4 billion for 2024.

Investors can access AMD and NVIDIA through ETFs like SHOC, WUGI, SOXQ, and LRNZ. AMD has exposure in these ETFs ranging from 6.11% to 7.23%, while NVIDIA’s exposure is around 15.27% to 31%. Intel has exposure in SOXX and FTXL. Stay informed with Zacks’ Fund Newsletter for key ETF insights and analysis. Don’t miss Zacks’ top stock recommendations for the next 30 days. Access free stock analysis reports for Intel, AMD, NVIDIA, SOXX, FTXL, LRNZ, WUGI, and SOXQ on Zacks.com.



Read more at Nasdaq: Chip ETFs in Focus on New Generation AI Product Launches