Some analysts think AMD’s new chips will help it act as a more credible alternative to Nvidia for customers that want to hedge their bets

The processors typically appear in sets of eight in the Instinct MI350 series platforms. AMD also provided platform performance, with the MI350X platform delivering 577 TFLOPS in FP64 and the MI355X scoring 628.8 TFLOPS. For FP4 performance, the MI350X provided 147.6 PFLOPS, while the MI355X platform provided 161 PFLOPS.

AMD receives positive ratings from Wall Street after Advancing AI event, with analysts reiterating Buy ratings and forecasting strong growth.

AMD’s latest press conference highlighted a family of new GPUs and software that target artificial-intelligence (AI) applications. These tools compete with NVIDIA and Intel as well as other AI-focused hardware vendors.

AMD issued a raft of news at their Advancing AI 2025 event this week, an update on the company’s response to NVIDIA's 90-plus percent market share - Read more from Inside HPC & AI News.

AMD (NASDAQ:AMD) previewed its MI350 AI accelerators at Thursday's AI event, but Morgan Stanley argues the real turning point will come with next year's MI400 series. Warning! GuruFocus has detected 3 Warning Signs with AMD.

Built using 3nm technology and based on AMD’s CDNA 4 architecture, the MI350 series offers 288GB of HBM3E and 8Tbps of memory bandwidth. Seventy-two teraflops of FP64 is provided by the MI350X and 79 teraflops for the MI355X, with the GPUs' total board power (TBP) up to 1,000W and 1,400W, respectively.