Guo Ji Jin Rong Bao·2025-06-13 14:17Core Viewpoint - AMD is positioning itself to challenge NVIDIA in the AI chip market, with new product launches and a projected market growth exceeding $500 billion by 2028 [2][3]. Product Launches - AMD unveiled its flagship data center AI chips, the Instinct MI350 series, along with a new AI software stack, ROCm 7.0, during the Advancing AI 2025 event [2]. - The MI350 series includes MI350X and MI355X GPUs, both utilizing 3nm technology with 185 billion transistors and HBM3E memory, achieving a performance increase of 4 times and a 35 times faster inference speed compared to the previous MI300X [2][3]. - The MI350 series is set to launch in Q3 2025, with adoption from major companies like Oracle, Dell, Supermicro, HPE, and Cisco [3]. Future Roadmap - AMD plans to release the next-generation MI400 series GPU in 2026, developed in collaboration with OpenAI, which has already provided feedback based on its use of the MI300X chip [3]. Financial Performance - AMD reported Q1 2025 revenue of $7.44 billion, a 35.9% year-over-year increase, exceeding market expectations, with a net profit of $710 million [4]. - In contrast, NVIDIA achieved Q1 2025 revenue of $44.1 billion, a 69% year-over-year increase, with a net profit of $18.78 billion [4]. Market Position - According to TrendForce, AMD ranks fourth among global chip design firms due to weak data center performance and declining gaming product demand, while NVIDIA remains the leader in AI chip design [5]. - AMD aims to ramp up production of the MI350 series in the second half of 2025 to compete directly with NVIDIA's offerings [5].