Advanced Micro Devices (AMD) stock was down on Thursday after details about the semiconductor company’s upcoming Instinct MI450 graphics processing units (GPUs) were confirmed by CEO Lisa Su. During an interview with Yahoo Finance, Su confirmed that the Instinct MI450 GPU will make use of TSMC’s (TSM) 2nm technology. This will mark the first time the company has used 2nm tech for its Accelerator Core Die.
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While Su has confirmed that the Instinct MI450 GPU will use 2nm tech for its Accelerator Core Die, rumors claim it won’t be used in other parts of the GPU. Specifically, prominent tech leaker Kepler stated that the GPU’s Active Interposer Die and Media Interface Die will use TSMC’s 3nm tech.
AMD’s MI450 GPU is a highly anticipated product now that it has announced a new deal with ChatGPT maker OpenAI (PC:OPAIQ). This will have AMD provide OpenAI with MI450 GPUs for use in the company’s AI data centers. The deal also allows OpenAI to take a 10% stake in AMD. Rival GPU maker Nvidia (NVDA) is also partnered with OpenAI, though its Ruby generation GPUs will use 3nm tech.
AMD Stock Movement Today
AMD stock was down 0.67% on Thursday, despite climbing in pre-market trading. Even so, the stock has rallied an incredible 96.01% year-to-date and 43.48% over the past 12 months. Much of these gains have come from the AI boom and the demand it has created for AMD’s products.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 26 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $237.06, representing a potential 1.26% upside for the shares.
