To The Moon

$NVIDIA Corp(NVDA)$ might be hogging the spotlight when it comes to AI's money-making magic, but this industry's expanding faster than a kid on a sugar rush, and $Advanced Micro Devices(AMD)$ 's right there, stealing the show.

They're not just crafting datacenter chips to give Nvidia a run for its money; they're also nabbing a prime spot in AI's hot seat.

AMD's all about AI!

Think AMD's just about PlayStation 5s and Xbox Series Xs? Think again! They've been churning out chips that power our favorite gadgets, even $Tesla Motors(TSLA)$ 's infotainment systems. But now, they're turning their sights on AI – and they're dead serious about it.

AMD sees AI as the biggest game-changer since the internet itself. They've got a whole lineup of Ryzen-branded AI CPUs, GPUs, and NPUs that are rocking the market. Dell, HP, and others have shipped millions of computers with AMD's chips inside. AMD estimates they've got a whopping 90% market share in this new playground – talk about dominating!

Remember AMD's MI300 series? It's like their superhero team for AI. The MI300X is a pure GPU, ready to take on Nvidia's H100. And the MI300A? It's a CPU-GPU hybrid, a super-powered APU that's giving everyone a run for their money. AMD's CEO, Lisa Su, says over 100 companies, including Nvidia's top clients like Microsoft and Oracle, are already using the MI300X.

AI revenue? Skyrocketing!

MI300 is AMD's fastest-growing baby, raking in a billion bucks in just six months! And the Ryzen AI chips? They helped AMD's client division earn a cool $14 billion in the first quarter, up 85% from last year. This rocket ship ain't slowing down anytime soon!

Games might be slowing down, but AI's picking up the pace. Now, don't get us wrong, AMD's gaming sales took a breather, dragging down their overall revenue by just 2%. But hey, when AI's doing so well, who needs a few hiccups in the gaming world?

Wall Street's all in on AMD

Speaking of Wall Street, they're all over AMD like bees to honey. Out of 49 analysts, 35 are shouting "Buy!" Four more are cheering with "Outperform," and a modest 10 are content with "Hold." Not a single soul's saying "Sell."