Advanced Micro Devices, Inc AMD, has welcomed Keith Strier from Nvidia Corp NVDA as the senior vice president of global artificial intelligence markets.
Steering AMD’s AI vision, Strier is set to ignite fresh ecosystem capabilities and expedite strategic AI partnerships worldwide across diverse sectors.
Formerly the vice president of worldwide AI initiatives at Nvidia, Strier spearheaded the expansion of commercial alliances with international governments.
Furthermore: Microsoft’s recent struggles in AI PCs compatibility have come to light through reports.
While AMD remains fervently committed to expanding its market share, its intentions are accentuated by the slated acquisition of AI server enterprise ZT Systems for a hefty $4.9 billion.
Simultaneously, the brand faces challenges with its Ryzen 9000 series sales, as industry experts like Oppenheimer’s Rick Schafer, Truist Securities’ William Stein, and Wedbush Securities’ Matt Bryson hail Nvidia as the flagship contender in AI technology.
Microsoft Corp’s MSFT upcoming Windows AI features are expected on select AMD and Intel
Corp INTC laptops by November, as reported by The Verge.
JPMorgan analyst Harlan Sur foresees a remarkable $5 billion growth in AMD’s data center GPU
revenue in fiscal 2024, driven by victories in server and PC CPU market shares.
Over the past year, AMD’s stock has seen a 24% rise, while Nvidia boasts a staggering 123% growth.
For investors seeking exposure to AMD, options like Vanguard Information Tech ETF VGT and iShares Semiconductor ETF SOXX are available.
Price Action: AMD’s stock is currently showing a 2.49% increase, trading at $140.35 premarket as of the latest Wednesday check.
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