Tech

AMD establishes AI leadership with portfolio expansion, 4x R&D investment ahead of major Computex announcement

Advanced Micro Devices, Inc. (NASDAQ:AMD) is leveraging its extensive product range to strategically prepare to meet the growing demand for AI computing.

CTO Mark Papermaster highlighted AMD's robust portfolio of compute engines, strong customer relationships across diverse markets, and open software capabilities.

According to a report in Business Standard, he looked back at AMD's 55-year history and highlighted its transition to a modular IP portfolio unified by a comprehensive AI software stack. This will allow the company to adapt more efficiently to evolving technology needs.

Papermaster also noted that AMD plans to make important announcements at Computex, emphasizing the importance of open ecosystems and close industry partnerships.

He further explained that AMD's R&D investments have nearly quadrupled from $1.5 billion in 2019 to $5.9 billion in 2023, in line with the growing demand for computing performance and efficiency.

AMD has increased its presence in the market, especially after its acquisition of Xilinx, contributing significant IP, talent, and market expansion to the adaptive computing market.

AMD analysts warned that revenue estimates are now below consensus as weakness in the gaming division offsets growth in other areas. They warned that Nvidia Corp's (NASDAQ:NVDA) bullish pricing could impact AMD.

But he pointed to strong demand for AI and great potential for growth in AMD's data center GPUs despite competition from Nvidia. He also emphasized that there is strong demand for MI300 and the server business, which continues to improve despite headwinds.

AMD stock has risen more than 58% in the past 12 months. Investors can gain exposure to stocks through the AOT Growth and Innovation ETF (NASDAQ:AOTG) and the AOT Growth and Innovation ETF (NASDAQ:AOTG).

Price Action: AMD stock was up 1.99% pre-market at $153.60 at last check on Monday.

Disclaimer: This content was created in part using AI tools, and reviewed and published by editors at Benzinga.

Photo credit: Shutterstock

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