AMD Forecasts Strong Finish with MI300 AI Chip Launch to Compete with Nvidia

Aug 1 (Reuters) – Advanced Micro Devices (AMD.O) on Tuesday forecast a strong finish to the year, driven by the planned launch of artificial-intelligence chips that could compete with Nvidia (NVDA.O) semiconductors. AMD shares rose about 3% in after-hours trading. CEO Lisa Su said AMD is set to ramp up production of its flagship MI300 artificial-intelligence chips in the … Read more