AMD's New AI Chips Challenge Nvidia's Dominance, Sparking Stock Rally

This chipmaker is catching up to Nvidia and can soar 45%, HSBC says

Advanced Micro Devices' latest chip release has thrust the company back into the AI game with a potential to rival Nvidia, according to HSBC. Analyst Frank Lee upgraded the chipmaker to buy from hold with a revised price target of $200, which suggests a whopping 44.5% potential upside for the stock. Lee's previous price target on shares was $100. According to Lee, AMD's recently launched MI350 series has a significant pricing premium and performance upgrades that can compete with Nvidia Blackwell line -- specifically its latest-gen HGX B200 AI graphics processing unit. He wrote that he is now "turning bullish as we think AI GPU pipeline will surprise with higher-than-expected MI350 pricing premium." The impact of this MI350 pricing surprise could materialize as soon as the second half of this year, the analyst said. "With performance comparable to Nvidia's B200, we now believe the ASP for MI355 can be USD25k (vs previous assumption of USD15k)," he said. "We now expect that upside to FY26e AI revenue will lead to higher re-rating to AMD that is not fully priced in by the market despite the 14% share price rally post its AI day event." AMD during its June 12 Advancing AI event launched the AMD Instinct MI350 Series GPUs , which includes the Instinct MI350X and Instinct MI355X. The company is also planning to release its full-server Helios AI rack in 2026, which would be built on its next-gen Instinct MI400 Series GPUs. These chips would compete with Nvidia's Blackwell line of processors, AMD CEO Lisa Su said last month. Lee expects AMD has significant upside to its fiscal year 2026 AI revenue given the pricing premium of its MI350 line compared to Nvidia's offerings. The MI350 chips are also attractive as they can be deployed using existing data center infrastructure, he added. Shares popped 2% after the upgrade. Year to date, AMD has gained 14.6%.

AMD Stock Popped After Analyst Said New AI Chips Could Take On Nvidia's -- Watch These Key Price Levels

Advanced Micro Devices (AMD) stock jumped Thursday after analysts suggested the company's latest AI chips could take on Nvidia's (NVDA) offerings. Analysts at HSBC said AMD's MI350 series chips are comparable with Nvidia's current Blackwell chips and next generation MI400 chips, due for release next year, could compete with Nvidia's next-generation Vera Rubin platform. AMD shares trade 86% above their early April low and have gained 18% since the start of the year as of Thursday's close. However, they have significantly unperformed Nvidia's shares over the past 12 months due to the company's inability to capture a greater share of the booming AI chip market. Below, we take a closer look at AMD's chart and use technical analysis to identify crucial price levels that investors should keep an eye on. Since bottoming in early April, AMD shares have traded higher in an orderly uptrend. More recently, the price broke out from a flag pattern in Thursday's trading session on the highest volume in a little over a week, potentially signaling a continuation of the stock's recent move higher. In another win for the bulls, the 50-day moving average (MA) continues to converge up toward the 200-day MA, setting the stage for a golden cross signal. Meanwhile, the relative strength index (RSI) confirms bullish price momentum, sitting just below the indicator's overbought threshold. Let's identify two crucial overhead areas on AMD's chart that could attract interest if the shares continue to track higher and also locate several vital support levels worth monitoring during future pullbacks in the stock. The first overhead area to watch sits around $175. This price point could provide resistance near prominent countertrend peaks that formed on the chart in May and October last year. This level is also near a bars pattern target that preceded the flag and overlays it from the pattern's breakout point. Such a move would complete a classic Elliot Wave pattern, with five distinct swings playing out. Buying above this area could see the shares climb towards $215. Investors who have accumulated the stock at lower prices may decide to lock in profits at this level just below the stock's notable March 2024 top marked by a textbook shooting star candlestick pattern. During pullbacks in the stock, it's initially worth monitoring the $135 level. The shares could find solid buying interest at this price near the low of the flag pattern, which sits on a horizontal line extending back to last September. Finally, a deeper retracement in AMD shares could see the price revisit a lower support around $115. Investors may seek entry points in this area near a trendline that connects a range of peaks and troughs that developed on the chart between January and June. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.

AMD's Latest AI Chips Are on Par With Nvidia's Blackwell GPUs, HSBC Says

The performance of Advanced Micro Devices' (AMD) latest AI chips is on par with those from Silicon Valley rival Nvidia's (NVDA), HSBC analysts said. In a note Thursday, HSBC analysts upgraded their rating on AMD to a "buy" from a "hold" and doubled their price target to $200, noting that AMD's latest series of chips can compete with Nvidia's Blackwell GPUs. AMD launched its Instinct MI350 Series GPUs last month, claiming the chips offered four times more computing power than its previous generation. "With the recent launch of the MI350 series, we were pleasantly surprised with the performance upgrades which imply that the MI350 series can compete with Nvidia latest-gen HGX B200 AI GPU," HSBC analysts wrote. "Owing to the performance enhancements, the pricing premium is much higher than expected earlier which could help drive upside to earnings in 2025 and 2026." The analysts, led by Frank Lee, also wrote that there was further upside possible for AMD shares when the chipmaker launches its MI400 series next year, which could compete with Nvidia's next-generation Vera Rubin platform -- scheduled for the second half of 2026. AMD unveiled the MI400 last month in an event hosted by CEO Lisa Su and Sam Altman, CEO of OpenAI, which has signed on as a customer for the next-gen chips. AMD shares are rising more than 4% to $144 in early Thursday trading, having gained around a fifth of their value this year. Shares in Nvidia, which briefly became the world's most valuable company with an over $4 trillion market cap Wednesday, are little changed.

AMD stock soars 8% as new AI chips take aim at Nvidia's throne -- is a power shift coming?

AMD stock soars 8% after unveiling its powerful MI350 AI chips, signaling a bold challenge to Nvidia's dominance in AI hardware. Backed by HSBC's upgrade and a price target boost to $200, AMD is finally stepping out of Nvidia's shadow. With its next-gen MI400 series expected in 2026, AMD is gaining momentum in the AI arms race. Investors are now watching closely as the company earns new credibility in high-performance AI chips. As AMD chips line up for enterprise adoption from tech giants like Microsoft and OpenAI, the stock's breakout hints at a potential power shift in AI.

AMD Stock Surges As Dual Catalysts Boost AI Chip Sector - Advanced Micro Devices (NASDAQ:AMD)

Shares of Advanced Micro Devices Inc AMD are trading higher Tuesday morning, as part of a broad rally across the artificial intelligence chip sector. Here's what investors need to know. What To Know: A primary catalyst for AMD Tuesday was a report on the Trump administration's plan to announce a massive $70 billion investment in U.S. AI and energy infrastructure. The initiative, set to be unveiled in Pennsylvania, aims to reinforce America's leadership in AI by encouraging private investment and fast-tracking permits for data centers and energy projects. Blackstone is also expected to announce a related $25 billion fund targeting data center and energy expansion. Further fueling the rally was the U.S. government's decision to ease certain chip export restrictions to China. This policy shift is a major boon for semiconductor firms that had suffered revenue losses from the previous bans. Nvidia, for example, confirmed it will restart sales of its H20 GPUs to China. These dual catalysts, massive domestic investment and the reopening of a key international market, signal a potentially robust growth environment for chipmakers like AMD. Benzinga Edge Rankings: According to Benzinga Edge rankings, which score stocks across four critical factors, AMD demonstrates an exceptional profile for growth and quality. The company earns a very high score of 96.98 for Growth and a strong 81.21 for Quality, suggesting robust future growth potential and solid financial health. In contrast, its valuation appears stretched, as reflected by a very low Value score of 12.88. The stock's Momentum score is middling at 47.93, indicating that its recent price performance has been average compared to the market, neither strongly leading nor lagging. Price Action: According to data from Benzinga Pro, AMD shares are trading higher by 6.90% to $156.33 Tuesday morning. The stock has a 52-week high of $179.75 and a 52-week low of $76.48. Read Also: Marvell Trails Big Tech In 2025 -- Is Its Custom AI Chip Strategy The Turnaround Investors Are Waiting For? Trending Investment OpportunitiesAdvertisementArrivedBuy shares of homes and vacation rentals for as little as $100. Get StartedWiserAdvisorGet matched with a trusted, local financial advisor for free.Get StartedPoint.comTap into your home's equity to consolidate debt or fund a renovation.Get StartedRobinhoodMove your 401k to Robinhood and get a 3% match on deposits.Get StartedHow To Buy AMD Stock By now you're likely curious about how to participate in the market for Advanced Micro Devices - be it to purchase shares, or even attempt to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy "fractional shares," which allows you to own portions of stock without buying an entire share. In the case of Advanced Micro Devices, which is trading at $146.24 as of publishing time, $100 would buy you 0.68 shares of stock. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to "go short" a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading - either way it allows you to profit off of the share price decline. Image: Shutterstock AMDAdvanced Micro Devices Inc$156.517.02%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum47.93Growth96.98Quality81.21Value12.88Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs

Semiconductor Stocks React To Key Policies And Earnings - Advanced Micro Devices (NASDAQ:AMD), ASML Holding (NASDAQ:ASML)

Tim Melvin's system has spotted 10X winners like NVIDIA and Matador -- see his next 6 picks and the options strategies to multiply gains at a free July 23 event. Register Here. AI chip companies, including Nvidia NVDA, Advanced Micro Devices AMD, Broadcom AVGO, Marvell Technology MRVL, and Super Micro Computer SMCI, had a rollercoaster week so far. Ranging from the U.S. government's trade policies, quarterly earnings of key semiconductor suppliers and more, while investors keep evaluating Washington's tariff policies and sustained AI frenzy. This week, Nvidia, Broadcom, AMD, and Supermicro gained 2-11% compared to the PHLX Semiconductor Index's less than 1% gains. Marvell lost 2% this week. This week's market surge was driven by two key developments: reports of the Trump administration's $70 billion AI and energy investment plan and the U.S. lifting specific chip export restrictions to China. Also Read: Why Nvidia's China Comeback Could Propel Its Stock To New Heights Semiconductor Policies President Trump is set to unveil this initiative near Pittsburgh, which focuses on AI data centers, power generation, grid upgrades, and new workforce training. The plan aims to strengthen U.S. leadership in AI by attracting private investment, simplifying regulations, and fast-tracking project permits. Senator David McCormick will host the event at Carnegie Mellon University. It will gather top executives from major companies, including BlackRock and Palantir. Blackstone President Jon Gray will also announce a $25 billion investment in data center and energy infrastructure expansion. Reportedly, Nvidia has recently been allowed by the U.S. government to resume sales to China of its H20 AI chip. This is particularly significant because Nvidia took a $4.5 billion charge in the first quarter of this year due to the export ban on its H20 products to China, which was imposed on April 9. Key Semiconductor Earnings Key Nvidia supplier and contract chipmaker Taiwan Semiconductor Manufacturing TSM reported second-quarter results on Thursday that exceeded expectations, driven by strong global demand for advanced chips crucial for AI applications. The stock gained close to 4% based on the results. The company posted net sales of $30.07 billion, up 38.6% year-over-year, and net income of $398.27 billion New Taiwanese dollars, reflecting a 60.7% increase from the previous year. The company raised its third-quarter guidance, projecting revenue between $31.8 billion and $33.0 billion, surpassing analysts' estimates. Taiwan Semiconductor's margin growth was impressive, with gross margins expanding by 540 basis points to 58.6% and operating margins rising by 710 basis points to 49.6%. Strong demand for cutting-edge processor technologies, including 3-nm, 5-nm, and 7-nm chips, continues to drive the company's growth. However, chip equipment maker ASML Holding ASML plunged over 8% Wednesday after it warned investors on its second-quarter results that the growth outlook for 2026 is uncertain due to rising macroeconomic and geopolitical challenges. CEO Christophe Fouquet highlighted growing uncertainties, particularly from trade tensions and tariffs, although the fundamentals of its key AI customers remain strong. Despite these concerns, ASML posted strong bookings of $6.4 billion, exceeding consensus estimates of $5.6 billion. However, its third-quarter sales forecast, ranging from $8.6 billion-$9.2 billion, missed analyst expectations. The company reported $8.9 billion in sales for second-quarter, surpassing estimates of $8.7 billion, with a profit of $2.66 billion, ahead of the expected $2.37 billion. Recent Key Developments Let's look at some of the recent significant developments for the semiconductor companies this week. Broadcom unveiled its new Tomahawk Ultra chip on Tuesday, designed to accelerate AI data processing by linking hundreds of chips in data centers. The chip directly competes with Nvidia's NVLink Switch, but Broadcom's offering can connect four times as many chips, using a faster version of Ethernet instead of a proprietary protocol. While both chips aim to facilitate "scale-up" computing, Broadcom adapted the Tomahawk Ultra for AI applications, showcasing its potential as a viable alternative to Nvidia's powerful GPUs. Super Micro Computer announced on Wednesday that it has started shipping new 4-socket servers designed to support large-scale database and enterprise applications. These servers, powered by the latest Intel INTC Xeon processors, are optimized for demanding workloads like in-memory databases and scientific simulations, offering improved performance compared to previous models. NVDA Price Action: NVDA stock is trading higher by 1.31% to $173.58 at last check Thursday. Read Next: Cisco Is Quietly Beating The AI Hype -- Should Investors Pay Closer Attention? Photo via Shutterstock AMDAdvanced Micro Devices Inc$159.89-0.12%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum77.56Growth97.03Quality81.95Value11.45Price TrendShortMediumLongOverviewASMLASML Holding NV$749.66-0.63%AVGOBroadcom Inc$287.452.36%INTCIntel Corp$22.981.28%MRVLMarvell Technology Inc$72.862.84%NVDANVIDIA Corp$173.711.36%SMCISuper Micro Computer Inc$53.590.70%TSMTaiwan Semiconductor Manufacturing Co Ltd$246.863.91%Market News and Data brought to you by Benzinga APIs

Nvidia-Supplier TSMC Crushes It, Yet Chip ETFs Face Tariff Storm - NVIDIA (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD)

At first glance, the numbers shout "boom." Contract chipmaker Taiwan Semiconductor Manufacturing Company TSMC just reported record-breaking Q2 results. Profit jumped 61% year-over-year and revenue surpassed expectations. Only a day prior, chipmaking equipment behemoth ASML Holding N.V. also beat top- and bottom-line estimates, riding on robust bookings. But under the earnings sheen is a geopolitical snag: the rising specter of U.S. tariffs on Taiwan and chipmaking machinery, which threatens to dent margins and disrupt momentum in semiconductor ETFs such as VanEck Semiconductor ETF SMH, iShares Semiconductor ETF SOXX, and SPDR S&P Semiconductor ETF XSD. See Also: TK Earnings Are Booming, Courtesy AI TSMC's release was a mic drop moment for the bulls. The firm: * Posted NT$933.80 billion ($31.7 billion) in revenue, an increase of 38.65% year-over-year * Posted net income of NT$398.27 billion, surpassing estimates more than 5% * Estimated Q3 revenue of up to $33 billion, and estimated 30% year-to-date growth in 2025 CEO C.C. Wei attributed the boom to "strong, sustained demand for AI-related chips" and the company's leading-edge nodes. Indeed, advanced chips (7nm and below) represented a whopping 74% of total wafer revenue. TSMC now produces high-performance processors for behemoths such as Nvidia, Apple, and AMD, firmly positioning it at the center of the AI value chain. But ASML Sounds A Cautionary Note Although ASML also reported better than expected results, Q2 revenue of $8.9 billion and net income of $2.66 billion -- the mood was considerably less optimistic. CEO Christophe Fouquet cautioned that tariffs on chip production systems and components would press on margins, particularly if trade tensions heighten. This was a wake-up call: even the most critical suppliers within the supply chain for AI are not exempt from policy shockwaves. The Tariff Time Bomb: What's At Risk? That is where the tale turns from earnings to politics. President Donald Trump has toyed with retaliatory tariffs on Taiwan, directly affecting TSMC's U.S. business and exports. Taiwan is already subject to 32% tariffs on certain products, and chipmakers are also afraid that semiconductors will be the next. Meanwhile, U.S. export restrictions remain in place restricting TSMC's China business. Though Nvidia NVDA and AMD AMD recently were cleared to resume limited sales to Beijing, the long-term picture is cloudy. Where Are Semiconductor ETFs Now? Chip-themed ETFs have risen in 2025 in the wake of AI mania. But if tariffs turn from threat to reality, margin squeeze, order shift, and capex delay may be actual risks. Here's how some of the leading semiconductor ETFs are exposed: * SMH: TSMC is a strong holding (~12%), in addition to Nvidia, AMD, and ASML. * SOXX: Highly concentrated U.S. chip exposure, but has more than 3.5% of holdings in TSMC, and 3% in ASML. * XSD: Equal-weighted ETF, therefore more diversified, but still vulnerable to the global chip cycle. Though these funds ticked up on Thursday morning in tandem with TSMC's share price gain, this ride may be bumpier than it appears due to the geopolitics undertow. Bottom Line: A Bipolar Earnings Season This earnings cycle has thus far revealed that demand fundamentals for semiconductors are red hot, particularly for AI. But it's also demonstrated just how much policy risk is entering the industry's outlook. As trade tensions escalate, semiconductor ETFs could be bracing for a reality check -- one where earnings can't undo politics. For the time being, the AI boom is carrying the load. But if tariffs turn from political rhetoric into more, even the most sophisticated chips might not be able to crunch the consequences. Image: Shutterstock AMDAdvanced Micro Devices Inc $159.07-0.63% Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock Rankings Edge Rankings Momentum 77.56 Growth 97.03 Quality 81.95 Value 11.45 Price Trend Short Medium Long Overview NVDANVIDIA Corp $172.970.93% SMHVanEck Semiconductor ETF $291.650.82% SOXXiShares Semiconductor ETF $246.490.37% XSDSPDR S&P Semiconductor ETF $268.801.41% Market News and Data brought to you by Benzinga APIs

AMD Stock Is Rising Thursday: What's Going On? - Advanced Micro Devices (NASDAQ:AMD)

Shares of Advanced Micro Devices Inc. AMD are trading higher Thursday afternoon after HSBC upgraded the stock from Hold to Buy and set a $200 price target. What To Know: The firm cited significantly higher expectations for AMD's artificial intelligence revenue in fiscal 2026, projecting $15.1 billion compared to the current consensus of $9.6 billion, a 57% upside, according to Investing.com. The analyst at HSBC pointed to strong pricing traction for AMD's new MI350 AI chip series as the main driver behind the revised outlook. The upgrade marks a major reversal from HSBC's prior rating in January, when it downgraded AMD to Reduce on concerns over its competitive positioning and AI roadmap. Now, the firm sees those risks easing, with confidence in AMD's AI pipeline, including the MI400 rack architecture expected in 2026. Despite AMD shares already climbing 14% after the company's AI Day on June 12, HSBC said the market still hasn't fully priced in the potential re-rating from long-term AI growth. The stock currently trades at a P/E of 101 on a trailing basis and 37 on a forward basis, reflecting high growth expectations. The company's market cap now stands at $234 billion, according to Benzinga Pro. AMD is also in the spotlight ahead of its second-quarter earnings release, set for Aug. 5. KeyBanc recently projected that AMD could post $7-8 billion in AI revenue this year, led by strong demand for the MI355 series. Goldman Sachs on Thursday initiated coverage with a Neutral rating, noting AMD's success in gaining share in the server and PC CPU markets, but cautioning about competition from ARM-based rivals. Truist Securities remains more reserved, keeping a Hold rating and flagging uncertainty around whether some customers are buying AMD's GPUs mainly to push back on Nvidia's pricing power. Even so, datacenter demand for AMD remains healthy, with continued growth in its server deployments. With analyst sentiment shifting and AI growth expectations rising, AMD's stock is gaining momentum as investors reassess its role in the high-stakes battle for AI infrastructure leadership. AMD Price Action: AMD shares were up 3.66% at $143.47 at the time of publication, according to Benzinga Pro. Read Next: Elon Musk 's xAI Launches Grok 4 With 'PhD-Level' AI, Debuts In $300/Month 'SuperGrok' Tier Image Via Shutterstock. AMDAdvanced Micro Devices Inc$143.603.75%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum29.40Growth96.94Quality80.13Value13.57Price TrendShortMediumLongOverview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Why AMD Stock Is Surging Today | The Motley Fool

Advanced Micro Devices (AMD 6.71%) stock is getting a big boost today thanks to major news for its most important competitor. The semiconductor specialist's share price was up 7.2% as of 11 a.m. ET. Meanwhile, the S&P 500 index was flat on the day, and the Nasdaq Composite index was up 0.6%. The stock had been up as much as 8.5% earlier in trading. Semiconductor investors are shrugging off news that inflation actually came in higher than expected in June and focusing on a big win for Nvidia. The artificial intelligence (AI) leader has secured permission to sell its H20 processor and other hardware in China, and the development could also be good news for AMD. Nvidia said today that it has received assurances from the U.S. government that it will be granted export licenses to sell its H20 processors and other AI-related hardware to China. The news comes after new restrictions were implemented in April that prevented the company's H20 hardware from being sold into the Chinese market without a license. At the time it seemed very unlikely that the export licenses would be granted, but the Trump administration appears to be making a significant reversal on the issue. The decision to allow Nvidia's H20 processor to be sold to Chinese customers comes after a recent meeting between President Trump and Nvidia CEO Jensen Huang, and it looks to be a major development in wider trade negotiations between the U.S. and China. With Nvidia's H20 processor seemingly on track to receive the necessary export licensing, there's a good chance that AMD's specialized AI processors for the Chinese market will also be given export approval. Approval to sell its specialized processors in China would be a major positive development for AMD stock. In addition to opening up substantial revenue streams for the company for the batch of AI processors it has already designed to meet specific requirements for export to the Chinese market, easing export restrictions would also seemingly reduce the risk that the sale of lower-end hardware could also be restricted. While there's still significant risk on the geopolitical front, allowing the sale of capable AI processors to China suggests the potential for a significant improvement in U.S. trade relations. If so, AMD stock could continue to see bullish business-specific catalysts in addition to valuation tailwinds for the broader market.

Why AMD Stock Is Surging Today | The Motley Fool

Advanced Micro Devices (AMD 4.10%) stock is seeing significant bullish momentum Thursday. The semiconductor company's share price was up 3.8% as of 3:30 p.m. ET amid the backdrop of a 0.3% gain for the S&P 500 (^GSPC 0.27%) and a 0.2% gain for the Nasdaq Composite (^IXIC 0.09%). The stock had been up as much as 5.4% earlier in the day's trading. AMD's valuation is climbing today following bullish coverage from HSBC. The bank's investment branch issued new coverage on the stock this morning, and other investors are buying up shares in conjunction with the latest research note. In a note published before the market opened today, HSBC upgraded its rating on AMD stock from hold to buy. The firm also raised its one-year price target on the stock from $100 per share to $200 per share. As of this writing, HSBC's new price target suggests additional upside of roughly 39%. HSBC pointed to an improving demand outlook for AMD's graphics processing units (GPUs) for artificial intelligence (AI) as a key factor in its ratings upgrade and big price target hike. The firm's analysts think that the company's MI350 GPUs for AI compare favorably with Nvidia's high-end Blackwell processors, and that next year's MI400 processors could further strengthen AMD's position in the data-center processing space. Thus far, AMD has trailed far behind Nvidia when it comes to the high-value data-center processor market -- but there are signs that dynamics may be starting to shift in the smaller company's favor. There's still a lot of guesswork involved when it comes to charting the business's performance outlook in advanced AI processors, but it seems to be making progress in the crucial artificial intelligence training space. Even better, AMD could see strong demand for hardware used to power AI inference applications, even if its high-end processors continue to trail behind Nvidia's for artificial intelligence training purposes.