Latest news with #MI350
Forbes
a day ago
- Business
- Forbes
Latest MLPerf Shows AMD Catching Up With Nvidia, Sort Of...
As you AI pros know, the 125-member MLCommons organization alternates training and inference benchmarks every three months. This time around, its all about training, which remains the largest AI hardware market, although not by much as inference drives more growth as the industry shift from research (building) to production (using). As usual, Nvidia took home all the top honors. For the first time, AMD joined the training party (they had previously submitted inference benchmarks), while Nvidia trotted out their first GB200 NVL72 runs to demonstrate industry leadership. Each company focussed on their best features. For AMD it is larger HBM memory, while Nvidia exploited its Arm/GPU GB200 superchip and NVLink scaling. the bottom line is that AMD can now compete head to head with H200 for smaller models that fit into MI325's memory. That means AMD cannot compete with Blackwell today, and certainly cannot compete with NVLink-enabled configurations like NVL72. Let's take a look. (Note that Nvidia is a client of Cambrian-AI Research, and I am a former employee of AMD.) AMD has more HBM memory on their MI325 platform than any Nvidia's GPU, and can therefore contain an entire medium-sized model on a single chip. So, they ran the training benchmark that fits, the Llama 2-70B LORA model. The results are reasonably impressive, besting the Nvidia H200 by an average of 8%. While a good result, I doubt many would choose AMD for 8% better performance, even at a somewhat lower price. The real question, of course, is how much better the MI350 will be when it launches next week, likely with higher performance and even more memory. One thing AMD will not offer soon is better networking for scale-up; the UA-Link needed to compete with NVLink is still months away (possibly in the MI400 timeframe in 2026). So, if you only need a 70B model, AMD may be a better deal than Nvidia H200; but not by much. AMD is also showing traction with partners, and better performance from its software, which took quite a beating from SemiAnalysis last December. With better ease-of-use from ROCm, partners can benefit from offering customers a choice; many enterprises do not need the power of an NVL72 or NVLink, especially if they are focussed on simple inference processing. And of course, AMD can offer better availability, as NVIDIA GB200 is much harder to obtain due to overwhelming demand and pre-sold capacity. The rumor mill says GB200 still takes over a full year delivery time if you order today. AMD Partners also submitted MLPerf results. AMD So, if you net it out, the MI325 result foreshadows a decent position for the MI350, but support for only up to 8 GPUs per cluster limits their use for large-scale training deployments. Nvidia says the GB200 NVL72 has now arrived, if you were smart enough to put in an early order. With over fifty benchmark submissions using up to nearly 2500 GPUs, Nvidia and their partners ran every MLPerf benchmark on the ~3000 pound rack, winning each one. CoreWeave submitted the largest configuration, with nearly 2500 GPUs. Nvidia focused on the GB200 NVL72 in this round. Nvidia While the GB200 NVL72 can outperform Hopper by some 30X for inference processing, its advantage for training is 'only' about 2.5X; thats still a lot of savings in time and money. The reason is that inference processing benefits greatly from the lower 4- and 8-bit precision math available in Blackwell, and the new Dynamo "AI Factory OS' optimizes inference processing and reuses previously calculated tokens in KV-Cache. While AMD does not yet have the scale-up networking required to train larger models at Nvidia's level of performance, this benchmark shows that they are getting close enough to be a contender once that networking is ready next year. And AMD can already out-perform the Nvidia H200 once you clear the CUDA development hurdle. It could take a year or more for AMD to replicate the NVL72 architectural benefits, and by then Nvidia will have moved on to the Kyber-based NVL576 with the new NVLink7, Vera CPU and upgraded Rubin GPU. If you start late; you stay behind.
Yahoo
22-05-2025
- Business
- Yahoo
The Hidden Headwinds for AMD: Why Truist Just Lowered Its Price Target
Truist recently lowered the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $111 from $130 and kept a Hold rating on the shares. AMD operates as a semiconductor manufacturer. In an investor note, the analyst noted that the company's Q1 result was good overall, but the outlook included several complicating factors like a reduction in Q2-Q3 Datacenter Accelerator revenue from exiting the China market and an inventory write-down in Q2. Truist added that it lacked conviction in Advanced Micro Devices, Inc. (NASDAQ:AMD)'s ability to ramp MI350, MI400, and beyond, in a way that would be truly competitive. A close up of a complex looking PCB board with several intergrated semiconductor parts. Latest reports indicate that the semi firm has inked a multi-year, $10 billion investment partnership with HUMAIN, a new artificial intelligence enterprise launched in Saudi Arabia. The companies plan to deploy 500 megawatts of AI compute capacity in Saudi Arabia over the next five years. HUMAIN has been busy courting major US tech companies. Earlier, it had announced an investment plan of more than $5 billion with Amazon Web Services. While we acknowledge the potential of AMD, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMD but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
Yahoo
17-05-2025
- Business
- Yahoo
1 Semiconductor Stock That Could Be a Surprise AI Winner
AMD's EPYC processors are increasingly used by cloud providers and Fortune 2000 enterprises. The chipmaker is building next-generation products to support AI models right out of the box. Elsewhere in AMD's business, its gaming and PC chips are also seeing strong demand. 10 stocks we like better than Advanced Micro Devices › Advanced Micro Devices (NASDAQ: AMD) is gradually evolving from mostly a traditional chip company to a prominent artificial intelligence (AI) infrastructure player. While Wall Street has been mostly focusing on Nvidia, AMD has quietly established itself as a strong player in the AI data center business. The company provides high-performance computing hardware and software solutions to clients for processing cloud and AI workloads. In the first quarter of 2025, data center revenue grew 57% year over year to $3.67 billion, making up almost half of AMD's total revenue. Data center AI business revenue also increased by a double-digit percentage year over year, driven by increased shipments of the MI325X accelerators for new cloud and enterprise workloads. With AI inferencing costs escalating rapidly, AMD is in a better position to capture a bigger share of the AI market. Its Instinct GPUs are known to offer superior price performance than competitors. Here are some more reasons why the company may prove to be a surprise AI winner in 2025. AMD's data center business is experiencing robust momentum, driven by solid demand for its EPYC server processors and Instinct AI accelerators. AMD accounted for 25.1% share of the server CPU market, up 2 percentage points year over year, as EPYC server processors continue to be in high demand from both cloud players and enterprise customers. All major cloud players are engaging with the company in the development of fifth-generation EPYC CPUs, codenamed "Turin." EPYC processors are also in high demand from enterprise customers across a range of industries and functions. The company expects enterprise adoption of EPYC processors to further accelerate, as more than 150 server platforms using these chips will become broadly available in the coming quarters. The company's data center AI business is also gaining traction. Multiple Tier 1 cloud and enterprise customers have opted for AMD's Instinct AI accelerators in the first quarter. These clients include one of the largest frontier model developers, which has deployed Instinct GPUs to cater to a significant portion of its daily AI inferencing workloads. AMD has also started sampling the next-generation MI350 series GPUs with several customers and is on track for production by mid-2025. With MI350 offering higher performance, memory capacity, bandwidth, support for new data types, and network efficiency as compared to the MI300 series, AMD expects strong deployment for these chips in the second half of 2025. Furthermore, the company is gearing up for the launch of MI400 series GPUs in 2026. AMD is also focusing on strengthening its software ecosystem, mainly its ROCm software stack for programming the company's GPUs. Instead of releasing quarterly ROCm updates, the company is now delivering them on a biweekly basis. The company has also increased access to its Instinct compute infrastructure for open-source developers to build, test, and deploy updates to the ROCm stack on a nightly basis. Subsequently, 2 million models on the open-source Hugging Face platform are running directly on AMD hardware without needing any special customization. The company is also ensuring that newly released AI models can run without hiccups on Instinct accelerators immediately after launch. Finally, the recent acquisition of ZT Systems is enabling AMD to sell fully integrated AI systems, instead of just hardware components. All these AI initiatives can dramatically expand AMD's data center business in the coming years. AMD's client segment also reported a strong 68% year-over-year revenue jump to $2.3 billion in the first quarter. The company experienced record client CPU average selling prices (ASPs), driven by increased demand for its high-end desktop and Ryzen processors in gaming and commercial segments. While AMD's processors are increasingly adopted in gaming desktops, the company is also seeing rising demand in the mobile computing market. Furthermore, sales of the company's latest-generation AI-capable processors also grew more than 50% quarter over quarter in the first quarter. AMD is also making its presence felt in the commercial PC space, with the company closing deals with large enterprises across several industries. Despite the solid tailwinds, AMD's shares are currently trading at 21.7 times forward earnings, significantly lower than Nvidia's forward P/E multiple of 25.4. While investors should not ignore the short-term revenue headwind arising from the export control restrictions for Instinct MI308 shipments to China, the fundamentals of the company are still strong. Hence, with a diversified product portfolio spanning various segments such as data center, gaming, and client; a robust balance sheet with $7.3 billion in cash; and a reasonable valuation position, AMD appears an attractive pick now. Before you buy stock in Advanced Micro Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Advanced Micro Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $620,719!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,511!* Now, it's worth noting Stock Advisor's total average return is 959% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. 1 Semiconductor Stock That Could Be a Surprise AI Winner was originally published by The Motley Fool
Yahoo
07-05-2025
- Business
- Yahoo
Advanced Micro Devices (NasdaqGS:AMD) Reports Strong Q1 Earnings With US$7.4 Billion Sales
Advanced Micro Devices showcased a notable 15% price increase over the past month, in line with impressive first-quarter earnings that exceeded Wall Street's expectations amid strong AI-related demand. The company reported a robust increase in revenue and net income, further supported by optimistic guidance for the upcoming quarter. Amid a mixed market environment with broader indexes showing slight variances due to tariff news and Fed decisions, AMD's solid performance and ongoing advancements in AI and new product releases likely added weight to its upward trajectory, contrasting the flat performance of some other companies. Buy, Hold or Sell Advanced Micro Devices? View our complete analysis and fair value estimate and you decide. NasdaqGS:AMD Revenue & Expenses Breakdown as at May 2025 The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent news driving Advanced Micro Devices' (NasdaqGS:AMD) 15% share price increase is likely to bolster perceptions surrounding its AI potential, as highlighted in the narrative. The MI350 series and EPYC processors are expected to invigorate data center revenue, aligning with the company's recent earnings beat. The impact on revenue forecasts is noteworthy, as analysts anticipate AMD's revenue to grow by 10.2% annually over the next three years despite certain market headwinds. Meanwhile, increased investments in AI suggest sustained earnings growth, though potential price pressures may affect profit margins. AMD's shares delivered an 83.44% total return over five years, providing a robust context for evaluating its recent 15% rise. This longer-term growth contrasts with a 1-year underperformance against the broader U.S. market and the U.S. semiconductor industry, which posted gains of 7.2% and 8.8%, respectively, over the same period. Such historical performance underscores AMD's capacity to rebound, supported by AI developments and strategic partnerships. In relation to analyst expectations, AMD's current share price remains at a discount of around 35.85% to the consensus price target of US$133.98. The favorable guidance and improved market positioning through new product developments give credence to revised upward forecasts, with the price target offering a potentially optimistic outlook relative to its past stock performance. However, maintaining cautious optimism is essential due to identified risks, such as over-reliance on the Data Center segment, which comprises half of AMD's annual revenue. Examine Advanced Micro Devices' past performance report to understand how it has performed in prior years.
Yahoo
07-05-2025
- Business
- Yahoo
AMD's Growth Fueled By AI Innovation And Strategic Partnerships
Recent advancements in AI chip technology have been highlighted by AMD's impressive first-quarter 2025 earnings. The company reported a significant 57% year-over-year growth in its Data Center segment, largely driven by strong sales of its EPYC CPUs and Instinct GPUs, which are crucial components for AI and data center applications. Additionally, AMD has expanded strategic partnerships and invested in research and development to enhance its AI solutions, indicating a concerted effort to strengthen its position in the rapidly growing AI chip market. These developments underscore the momentum and demand for AI computing capabilities, as companies continue to innovate and address the evolving needs of AI-driven industries. Advanced Micro Devices last closed at $98.62 down 2%. In other trading, Tokyo Electron was a standout up 3.5% and finishing the session at ¥21,885. Meanwhile, Hua Hong Semiconductor trailed, down 3% to close at HK$35.20. Act swiftly to explore AMD's MI350 launch and strategic partnerships boosting potential growth. Click to discover a detailed narrative on AMD's promising developments. For an in-depth look at AI Chips, revisit our 'Market Insights' article on seizing innovation for outsized returns in volatile markets—get in fast while opportunities last! Best AI Chip Stocks QUALCOMM closed at $139.90 up 0.3%. NVIDIA ended the day at $113.54 down 0.2%. On Tuesday, NVIDIA broadened its partnership with ServiceNow to unveil an advanced AI reasoning model aimed at enhancing enterprise AI workflows. Intel finished trading at $19.94 down 1.6%. On Tuesday, Intel and NetApp announced their AIPod Mini solution to enhance enterprise AI inferencing with Intel Xeon processors and Advanced Matrix Extensions. Next Steps This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
