00:00 Josh
AMD is hosting its analyst day here in New York City. CEO Lisa Su laying out the company’s AI plans and demand outlook. Joining us now with his key takeaways from the event is Yahoo Finance tech editor, Dan Howley. Dan.
00:13 Dan Howley
Yeah, Josh, we’re here at the Nasdaq uh in New York City. Obviously, Lisa Su on stage here discussing AMD’s AI plans for the future. They said that they have a total addressable market opportunity of 1 trillion dollars. And so they also laid out plans for their upcoming AI chips when it comes to the data center on the MI 450 line as well as the MI 500 line and their Filio’s line of rack scale uh servers. And so, when taken into totality, they they clearly see themselves as grabbing market share from Nvidia as well as Intel, saying that they’re taking share from them in both the data center, uh claiming to be eventually the revenue leader as far as market share goes in the data center. And then on the client side, the PC, whether that’s laptops or desktops, grabbing market share from Intel as well. So they see everything is basically on the upswing. You can see the stocks down at this point, but that seems to be something that the entire AI space is dealing with at the moment.