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

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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.

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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.
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Nvidia's market value has surged past $3 trillion, overtaking Apple to become the second most valuable publicly listed company in the world behind Microsoft. Nvidia's share price rose 5% on Wednesday to over $1,200. Valued at just $2 trillion in February, Nvidia's announced stock split that will increase shares by 10x and lower their price is expected to generate more demand. Founded in 1993, Nvidia was originally a graphics chip maker but added machine learning features, positioning it for the AI revolution. Nvidia reported $26 billion in sales for the last quarter, more than triple the previous year's and up 18% from the prior quarter, showing explosive growth.
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The newly launched Malaysia Madani National Training aims to equip youth for today's evolving challenges, such as digital advancements, new energy, and AI, says Prime Minister Datuk Seri Anwar Ibrahim.<br/><br/>Anwar urged youth to seize opportunities presented by technological advancements, emphasising Malaysia's recognition as a leading semiconductor hub.<br/><br/><br/>Read more athttps://shorturl.at/3SXuz<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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Intel Reveals , New AI Chips.<br/>On June 4, Intel announced its new <br/>Xeon 6 processor, CNBC reports. .<br/>The new AI chips will help to <br/>provide better performance and more efficient power for data centers.<br/>The announcement follows similar <br/>launches from rivals Nvidia and AMD.<br/>The announcement follows similar <br/>launches from rivals Nvidia and AMD.<br/>Intel launched its 5th Gen Intel Xeon processors just six months ago.<br/>In April, the company <br/>unveiled the Gaudi 3 processor.<br/>Customers are looking for high <br/>performance, cost-effective gen AI <br/>training and inferencing solutions. <br/>And they’ve started to turn <br/>to alternatives like Gaudi. , Patrick Gelsinger, chief executive officer of Intel Corp., via statement.<br/>They want choice. They want <br/>open software and hardware <br/>solutions and time to market <br/>solutions at dramatically lower <br/>TCOs [total cost of ownership], Patrick Gelsinger, chief executive officer of Intel Corp., via statement.<br/>Intel plans \
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Nvidia, NVDA, reached $3 trillion in market cap Wednesday, joining Apple and Microsoft as the third company to achieve the milestone. Nvidia is also the second-largest holding in the S&P 500.
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