Advanced Micro Devices Inc. generally won praise among analysts in the wake of new artificial-intelligence product announcements, but at least one worries that the company is late to the game as it taps a massive market opportunity.
The chip company held a Tuesday event during which it showed off new AI chips, but AMD’s AMD discussion of AI at the event was perhaps “thinner” than expected, in the view of Bernstein analyst Stacy Rasgon, “with little in the way of hard numbers offered” and a timeline that “feels quite delayed relative to the competition” — a reference to Nvidia Corp.
Others were more upbeat, including TD Cowen’s Matthew Ramsey, who said the event “articulated a clear strategy to continue to lead and gain share in server CPUs and highlighted how the company’s diverse portfolio of CPU, GPU, FPGA, and networking assets all under one roof can be customized for many customer workloads including AI inference/training.
Piper Sandler’s Harsh Kumar came away with the sense that AMD “currently has all of the building blocks to address both cloud and enterprise customer needs,” and he liked the company’s strategic emphasis on software.