The company that has benefited best from the rise of artificial intelligence so far has undoubtedly been Nvidia. The company, which increased its value to 1 trillion dollars, officially dominates this field with its hardware such as H100. On the other hand, things seem to be on track for rival AMD by 2024. At least that’s what current analysts and reports indicate.AMD could make a splash in 2024
Various predictions have been made for AMD’s AI segment since leading analyst Ming-Chi Kuo announced “rapid growth” in AMD’s future revenues. Industry experts are hinting that AMD is expected to make a comeback soon and it could happen as soon as 2024. On the other hand, when we compare AMD and Nvidia in the field of artificial intelligence, we see that the red team is weak, especially on the software side. However, AMD’s recent Nod.ai acquisition is important for progress in this area.
However, Kuo says that AMD’s AI chip shipments will increase significantly in 2024. However, we should not conclude from this significant increase that the market shares will come very close. According to reports, AMD will reach a shipment of 10 percent of Nvidia’s CoWoS-based solutions. Additionally, Microsoft is said to be AMD’s largest customer and will account for the majority of the company’s AI shipments. Companies like Meta and Amazon are also looking at AMD as an alternative, but again this depends on how AMD delivers to Microsoft.Ultimately, AMD’s dominance in the AI industry will depend entirely on the company’s approach to software resources and next-generation technologies such as Instinct MI300 and MI400, which are the company’s No. 1 strategic plan to capture market share. If AMD manages to gain the trust of potential customers, AI shipments could increase by up to 30 percent, which would be a huge revenue generator for the company.
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