AMD IS BECOMING AN AI CHIP COMPANY, JUST LIKE NVIDIA

Summary from the TLDR AI newsletter

AMD's Q2 2024 earnings show a significant shift toward data center products, with nearly half of its sales now in this area, thanks primarily to the Instinct MI300 AI chip. The company has committed to annual new AI chip releases, competing with Nvidia's offerings, despite supply constraints projected to last until 2025. Although Nvidia remains ahead in the data center market, AMD has seen growth in its CPU and GPU segments, including its Ryzen processors and Radeon 6000 GPUs.