AMD stocks are trading 50% off their peak prices. AMD notes that Artificial Intelligence will be the biggest driver for the company in the coming years. AMD President, Lisa Su, announced leveraging of CPU, GPU, and adaptive accelerators’ broad portfolio in combination with software development for high-performance computing (HPC).

MI300 HPC accelerator should be exceptionally highlighted as it is expected to be a new generation device for AI chips. It hosts the functionality of CPU, GPU and shared HBM memory. Considering its configuration, it is the world’s biggest x86 exascale Accelerated processing unit (APU) for datacenters. The device could accelerate processing speed by 700% compared to the previous MI250 accelerator that powers the world’s fastest Frontier exascale supercomputer in Lawrence Livermore National Laboratory. AMD clients will receive MI300 on a test basis during the first quarter of 2023, while its launch is scheduled for the second half of the year.

AMD revenues is at $23.6 billion for 2022. Analysts expect revenues to surge to $28 billion in 2024 with the launch of MI300 sales. This figure could even be improved soon, making AMD stocks even more attractive.