Microsoft adding AMD MI300X chips to Azure as Nvidia alternative due to supply shortages

From Nasdaq, Inc.: 2024-05-25 03:35:00

Microsoft will now offer customers the choice of using AMD MI300X AI chips in its cloud computing service, Azure, as an alternative to Nvidia GPUs due to supply shortages. Demand for GPUs from both Nvidia and AMD is high, affecting chip supply. TSMC is expanding production to meet this demand, with plans for new fabs worldwide. Investors should consider buying Nvidia, AMD, and TSMC stocks for long-term potential. TSMC has the most attractive valuation currently, with Nvidia also offering strong growth potential. AMD, although more expensive, has room for growth in the AI chip market. The demand for high-performance computing chips and GPUs is huge, and the industry is struggling to meet it, creating opportunities for investors in these companies. Investors should also consider other stock options identified by The Motley Fool Stock Advisor team for potential high returns in the coming years. John Mackey, former CEO of Whole Foods Market, is on The Motley Fool’s board of directors, and The Motley Fool holds positions in AMD, Amazon, Apple, Microsoft, Nvidia, and TSMC.



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