Advanced Micro Devices (AMD) unveiled its next generation of 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) chips at its Advancing AI event on Thursday, though shares fell after the announcements, with analysts suggesting investors may have been looking for more from the chipmaker.

AMD announced its fifth-generation EPYC server processor, which CEO Lisa Su said delivers dramatically more power than its predecessor, and new Ryzen AI PRO processors for enterprise AI. The company also showed off its latest Instinct MI300X series GPU, the MI325X, with production set begin in the fourth quarter and availability for AMD's partners in the first quarter of 2025.

AMD Grows Market Share

The new products come as demand for AI chips grows, and could help AMD expa🥂nd its market share. AMD said its market share for its EPYC server processors hit a new high of 34% at the end of the seco𝔍nd quarter, and could continue to climb with its next generation of products.

Analysts suggested 澳洲幸运5官方开奖结果体彩网:ahead of the event that it could be a "catch-up" catalyst for AMD to expand its slice of the market, after a strong start to the year with data center sales 澳洲幸运5官方开奖结果体彩网:hitting a record high in the second quarter.

AMD Highlights Partnerships ♏With Google, Microsoft, Meta, and More

Su also highlighted the chipmaker's partnerships with Oracle (ORCL), Alphabet's (GOOGL) Google, Meta (META), and Microsoft (MSFT) at the event. 

Kevin Salvadori, Meta’s VP for infrastructure and engineering, said that the company’s work on generative AI has made use of more than 1.5 million of AMD's EPYC CPUs and utilized Instinct GPUs for projects such as developing its Llama large language model. Oracle SVP Karan Batta added that AMD's Instinct GPUs have delivered strong performance for the company, and Google Cloud VP Amin Vahdat called the demand for AI computing power "insatiable."

The event did little to benefit AMD's stock price, however. Shares fell 4% Thursday to close at $164.18. Jefferies and Wedbush analysts suggested investors may have been looking for clearer signs of competition with Nvidia (NVDA), an outlook boost, or new customer announcement.

UPDATE—Oct. 10, 2024: This article has been updated to include additional comments from analysts and reflect more recent share price information.