AMD AI Day highlights: MI450 GPU, annual roadmap and Anthropic major customers, CPU TAM doubled (Bernstein)
The Bernstein report pointed out that AMD officially launched the Helios MI450 rack-level GPU and annual roadmap at the Advancing AI event, and released the ROCm.AI software platform.
The Bernstein report pointed out that AMD officially launched the Helios MI450 rack-level GPU and annual roadmap at the Advancing AI event, and released the ROCm.AI software platform. Key highlights include: Anthropic, as the third largest customer (AMD has a maximum investment of US$5 billion), cooperates with Microsoft for large-scale cloud deployment, raising the long-term CPU TAM from US$120 billion to US$220 billion, and the accelerator market space is expected to rise to US$1.4 trillion. Bernstein believes that the tone of the activity is positive and the company's CPU and GPU products have a strong track record and are expected to continue to increase share. One-sentence conclusion: AMD is launching a strong challenge to NVIDIA in the AI hardware market through its strong product roadmap and key customer expansion. The data center business has broad prospects and is the core target of AI themed investment. Positive/negative: Positive for Advanced Micro Devices (AMD.US). The market's expectations for AMD's AI strategy may have been partially priced in, but the addition of new customer Anthropic and the TAM increase exceeded expectations, providing new upside space for the stock price. Catalysts: 1) Customer reviews and order status of MI450 GPU; 2) Anthropic’s deployment scale and schedule; 3) Subsequent quarterly data center business revenue data.