AMD Announces "Advancing AI" Event: New AI Accelerators and CPUs on the Horizon

AMD announces 10.10 'Advancing AI 2024' event: EPYC Turin, Instinct MI325X, Ryzen AI 300 PRO

AMD has just announced its new 10.10 "Advancing AI 2024" event, where we will be introduced to the EPYC "Turin" CPU, Instinct MI325X AI accelerator, and Ryzen AI 300 PRO series CPUs. This could end up being one of AMD's biggest launches of the year, after its huge Zen 5 reveal over the last couple of months, we're looking at a new server CPU, new AI accelerator, and new PRO series Strix Point APUs. That's a lot of tech, all while providing the chips it does to millions of systems and devices worldwide, and Sony's just-announced PS5 Pro console. AMD isn't finished, and then we have CES 2025 where we'll be introduced to the new "Strix Halo" and "Krackan Point" APUs.

AMD To Hold "Advancing AI" Event At October 10: Debut of Instinct MI325X AI Accelerator, 5th Gen EPYC CPUs & Much More

AMD is all set to hold its "Advancing AI 2024" event, marking the debut of the firm's Instinct MI325X AI accelerators & 5th Gen EPYC server CPUs. AMD To Showcase Its Plans For The AI Markets By 10.10, Likely Revealing Exciting Aspects To Grasp Client Attention [Press Release]: Today, AMD (NASDAQ: AMD) announced "Advancing AI 2024," an in-person and live-streamed event on October 10, 2024, to showcase the next-generation AMD Instinct accelerators and 5th Gen AMD EPYC server processors, as well as Networking and AI PC updates, in addition to highlighting the Company's growing AI solutions ecosystem. AMD executives and AI ecosystems partners, customers, and developers will join Chair and CEO Dr. Lisa Su to discuss how AMD products and software are reshaping the AI and high-performance computing landscape. The live stream will start at 9:00 a.m. PT/12:00 p.m. ET on Thursday, October 10 on AMD's website as well as the AMD YouTube channel. [Journalist Note]: AMD's Advancing AI event is immensely important for the markets, given that it directs the company's future in the segment, especially since competitors like NVIDIA are giving it their all to maintain relevancy in the industry. It won't be wrong to say that Advancing AI will be AMD's major attempt to grasp market attention for its extensive AI portfolio, and with the arrival of new next-gen products, Team Red is ready to yet again compete head-to-head with the likes of NVIDIA. In terms of what to expect with Advancing AI 2024, AMD is expected to unveil its next-gen Instinct MI325X AI accelerator, which is said to be the most superior offering under the MI300 lineup. The upcoming Instinct AI GPU will feature up to 288 GB of HBM3E VRAM and up to 6 TB/s bandwidth. This chip will come with higher FP16/FP8 compute capabilities and will be able to support double the AI model sizes per server, potentially offering qualities that will place it best in between the MI300 series and the next-gen MI400 lineup. Moving on, AMD is also expected to announce its 5th Gen EPYC server "Turin" processors which will feature two different core configurations: the 128-core Zen 5 (4nm) and 192-core Zen 5C (3nm) designs. If you are interested in AMD's Turin server CPUs, you can visit our coverage here, where we have detailed the upcoming lineup extensively. Finally, Team Red will defy the norms and might introduce the Ryzen AI PRO 300 series, which is yet again a bridge to the upcoming Strix Halo and Krackan Point lineups. We have seen several SKUs with the "Ryzen AI PRO" 300 branding in the past, and given that future APUs such as the Krackan Point series are slated to launch by CES 2025, it would be a wise move from AMD to release the pending Ryzen AI PRO 300 SKUs at Advancing AI, but this is uncertain for now. It will be interesting to see what sort of announcements AMD makes at Advancing AI, but we still believe that Team Red is in the process of creating "surprises" for the AI markets. We will likely see the whole picture with the release of the next-gen Instinct MI400 lineup, which is expected to launch next year.

What's Going On With AMD Stock Today? - Advanced Micro Devices (NASDAQ:AMD)

The event will showcase the next-generation AMD Instinct accelerators and 5th Gen AMD EPYC server processors. Advanced Micro Devices, Inc. AMD shares are trading higher Tuesday. The company announced it will host its "Advancing AI 2024" event on in-person and via livestream Oct. 10, 2024. The Details: AMD said the "Advancing AI 2024" event will showcase the next-generation AMD Instinct accelerators and 5th Gen AMD EPYC server processors. The event will also showcase AMD's Networking and AI PC updates and highlight the company's growing AI solutions ecosystem. The live stream can be accessed on the company's website and the AMD YouTube channel and will start at 12 p.m. ET on Oct. 10. Read Next: Oracle Stock Climbs On Strong Q1 Results, Partnerships With Google Cloud, AWS What Else: AMD's CEO, Dr. Lisa Su, presented at the Goldman Sachs Communacopia and Technology Conference on Monday and highlighted AMD's accelerated AI roadmap with plans to release new AI chips annually. The MI300x, launched last year, features 192GB of memory and 153 billion transistors, making it suitable for training large language models like OpenAI's ChatGPT. "We believe we can have a very significant piece of the training and inference of these large language models," Su stated. In the second quarter of 2024, MI300 quarterly revenues exceeded $1 billion for the first time and AMD's Data Center revenues grew 114.5% year-over-year to $2.83 billion. Is AMD A Good Stock To Buy? An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages - like Advanced Micro Devices' page for example - there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter. These are known as capital allocation programs. Advanced Micro Devices does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company. For example, if you're looking to earn an annualized return of 17.65%, you'll need to buy a share of Orchid Island Cap by Sep. 30, 2024. Once done, you can expect to receive a nominal payout of $0.12 on Oct. 30, 2024. Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Advanced Micro Devices will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand. AMD Price Action: According to Benzinga Pro, Advanced Micro Devices shares are down 2.57% at $146.65 at the time of publication Tuesday. Read Also: What's Going On With GameStop Stock Ahead Of Earnings? Image: Shutterstock Market News and Data brought to you by Benzinga APIs