AMD's New AI Chips: A Comprehensive Analysis of the Competition

AMD is well-positioned with its new AI chip products, with the first viable competition to Nvidia's Blackwell platform expected in the second half of the year. AMD's products will likely test Nvidia's market share at a more price-sensitive entry point. However, the company faces competition from hyperscalers like Microsoft and Amazon, which are investing in custom ASICs. Despite this, AMD and Nvidia have room in the market, especially in capacity-constrained data center environments. The company's valuation is attractive despite its high stock price, with the potential for strong customer adoption and success of its Helios platform.