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KeyBanc analyst John Vinh recently hosted investor meetings with management at Advanced Micro Devices, Inc (NASDAQ: AMD).

By Stephen Nellis, Chavi Mehta (Reuters) -Advanced Micro Devices' production of a new artificial intelligence chip to challenge market leader Nvidia Corp will ramp up in the fourth quarter, the company said on Tuesday. AMD

Chief Executive Lisa Su said AMD has started shipping its "Bergamo" central processor. Alexis Black Bjorlin, who oversees computing infrastructure at Facebook parent Meta said the firm has adopted it.

AMD did not say who will adopt the MI300X or a smaller version called the MI300A or how much the chip will cost or how it will bolster its sales.

Advanced Micro Devices said on Tuesday that companies such as Facebook parent Meta Platforms are ordering high volumes of a new central processor, as investors were anxious for updates on a different... | June 13, 2023

Analysts expect fresh details about a chip called the MI300, AMDs most advanced graphics processing unit (GPU), the category of chips that companies like OpenAI use to develop products such as ChatGPT.

At an event in San Francisco, AMD Chief Executive Lisa Su said the new MI300X chip will have 192 gigabytes of memory, more than any current Nvidia chip.

With no big customers named, AMDs AI chip challenge to Nvidia remains uphill fight

Chief Executive Lisa Su said AMD has started shipping its "Bergamo" central processor. Alexis Black Bjorlin, who oversees computing infrastructure at Facebook parent Meta said the firm has adopted it.

U.S. chip maker Advanced Micro Devices Inc on Tuesday posted revenue that beat Wall Street targets and said it expected business to improve in the second half, enthusing investors who saw the company