Latest news with #LisaSu
Forbes
8 hours ago
- Business
- Forbes
AMD Keeps Building Momentum In AI, With Plenty Of Work Still To Do
At the AMD Advancing AI event, CEO Lisa Su touted the company's AI compute portfolio. At the AMD Advancing AI event in San Jose earlier this month, CEO Lisa Su and her staff showcased the company's progress across many different facets of AI. They had plenty to announce in both hardware and software, including significant performance gains for GPUs, ongoing advances in the ROCm development platform and the forthcoming introduction of rack-scale infrastructure. There were also many references to trust and strong relationships with customers and partners, which I liked, and a lot of emphasis on open hardware and an open development ecosystem, which I think is less of a clear winner for AMD, as I'll explain later. Overall, I think the event was important for showing how AMD is moving the ball down the field for customers and developers. Under Su, AMD's M.O. is to have clear, ambitious plans and execute against them. Her 'say/do' ratio is high. The company does what it says it will do. This is exactly what it must continue doing to whittle away at Nvidia's dominance in the datacenter AI GPU market. What I saw at the Advancing AI event raised my confidence from last year — although there are a few gaps that need to be addressed. (Note: AMD is an advisory client of my firm, Moor Insights & Strategy.) AMD's AI Market Opportunity And Full-Stack Strategy When she took the stage, Su established the context for AMD's announcements by describing the staggering growth that is the backdrop for today's AI chip market. Just take a look at the chart below. So far, AMD's bullish projections for the growth of the AI chip market have turned out to be ... More accurate. So this segment of the chip industry is looking at a TAM of half a trillion dollars by 2028, with the whole AI accelerator market increasing at a 60% CAGR. The AI inference sub-segment — where AMD competes on better footing with Nvidia — is enjoying an 80% CAGR. People thought that the market numbers AMD cited last year were too high, but not so. This is the world we're living in. For the record, I never doubted the TAM numbers last year. AMD is carving out a bigger place in this world for itself. As Su pointed out, its Instinct GPUs are used by seven of the 10 largest AI companies, and they drive AI for Microsoft Office, Facebook, Zoom, Netflix, Uber, Salesforce and SAP. Its EPYC server CPUs continue to put up record market share (40% last quarter), and it has built out a full stack — partly through smart acquisitions — to support its AI ambitions. I would point in particular to the ZT Systems acquisition and the introduction of the Pensando DPU and the Pollara NIC. GPUs are at the heart of datacenter AI, and AMD's new MI350 series was in the spotlight at this event. Although these chips were slated to ship in Q3, Su said that production shipments had in fact started earlier in June, with partners on track to launch platforms and public cloud instances in Q3. There were cheers from the crowd when they heard that the MI350 delivers a 4x performance improvement over the prior generation. AMD says that its high-end MI355X GPU outperforms the Nvidia B200 to the tune of 1.6x memory, 2.2x compute throughput and 40% more tokens per dollar. (Testing by my company Signal65 showed that the MI355X running DeepSeek-R1 produced up to 1.5x higher throughput than the B200.) To put it in a different perspective, a single MI355X can run a 520-billion-parameter model. And I wasn't surprised when Su and others onstage looked ahead to even better performance — maybe 10x better — projected for the MI400 series and beyond. That puts us into the dreamland of an individual GPU running a trillion-parameter model. By the way, AMD has not forgotten for one second that it is a CPU company. The EPYC Venice processor scheduled to hit the market in 2026 should be better at absolutely everything — 256 high-performance cores, 70% more compute performance than the current generation and so on. EPYC's rapid gains in datacenter market share over the past few years are no accident, and at this point all the company needs to do for CPUs is hold steady on its current up-and-to-the-right trajectory. I am hopeful that Signal65 will get a crack at testing the claims the company made at the event. This level of performance is needed in the era of agentic AI and a landscape of many competing and complementary AI models. Su predicts — and I agree — that there will be hundreds of thousands of specialized AI models in the coming years. This is specifically true for enterprises that will have smaller models focused on areas like CRM, ERP, SCM, HCM, legal, finance and so on. To support this, AMD talked at the event about its plan to sustain an annual cadence of Instinct accelerators, adding a new generation every year. Easy to say, hard to do — though, again, AMD has a high say/do ratio these days. AMD's 2026 Rack-Scale Platform And Current Software Advances On the hardware side, the biggest announcement was the forthcoming Helios rack-scale GPU product that AMD plans to deliver in 2026. This is a big deal, and I want to emphasize how difficult it is to bring together high-performing CPUs (EPYC Venice), GPUs (MI400) and networking chips (next-gen Pensando Vulcano NICs) in a liquid-cooled rack. It's also an excellent way to take on Nvidia, which makes a mint off of its own rack-scale offerings for AI. At the event, Su said she believes that Helios will be the new industry standard when it launches next year (and cited a string of specs and performance numbers to back that up). It's good to see AMD provide a roadmap this far out, but it also had to after Nvidia did at the GTC event earlier this year. On the software side, Vamsi Boppana, senior vice president of the Artificial Intelligence Group at AMD, started off by announcing the arrival of ROCm 7, the latest version of the company's open source software platform for GPUs. Again, big improvements come with each generation — in this case, a 3.5x gain in inference performance compared to ROCm 6. Boppana stressed the very high cadence of updates for AMD software, with new features being released every two weeks. He also talked about the benefits of distributed inference, which allows the two steps of inference to be tasked to separate GPU pools, further speeding up the process. Finally, he announced — to a chorus of cheers — the AMD Developer Cloud, which makes AMD GPUs accessible from anywhere so developers can use them to test-drive their ideas. Last year, Meta had kind things to say about ROCm, and I was impressed because Meta is the hardest 'grader' next to Microsoft. This year, I heard companies talking about both training and inference, and again I'm impressed. (More on that below.) It was also great getting some time with Anush Elangovan, vice president for AI software at AMD, for a video I shot with him. Elangovan is very hardcore, which is exactly what AMD needs. Real grinders. Nightly code drops. What's Working Well For AMD in AI So that's (most of) what was new at AMD Advancing AI. In the next three sections, I want to talk about the good, the needs-improvement and the yet-to-be-determined aspects of what I heard during the event. Let's start with the good things that jumped out at me. What Didn't Work For Me At Advancing AI While overall I thought Advancing AI was a win for AMD, there were two areas where I thought the company missed the mark — one by omission, one by commission. The Jury Is Out On Some Elements Of AMD's AI Strategy In some areas, I suspect that AMD is doing okay or will be doing okay soon — but I'm just not sure. I can't imagine that any of the following items has completely escaped AMD's attention, but I would recommend that the company address them candidly so that customers know what to expect and can maintain high confidence in what AMD is delivering. What Comes Next In AMD's AI Development It is very difficult to engineer cutting-edge semiconductors — let alone rack-scale systems and all the attendant software — on the steady cadence that AMD is maintaining. So kudos to Su and everyone else at the company who's making that happen. But my confidence (and Wall Street's) would rise if AMD provided more granularity about what it's doing, starting with datacenter GPU forecasts. Clearly, AMD doesn't need to compete with Nvidia on every single thing to be successful. But it would be well served to fill in some of the gaps in its story to better speak to the comprehensive ecosystem it's creating. Having spent plenty of time working inside companies on both the OEM and semiconductor sides, I do understand the difficulties AMD faces in providing that kind of clarity. The process of landing design wins can be lumpy, and a few of the non-AMD speakers at Advancing AI mentioned that the company is engaged in the 'bake-offs' that are inevitable in that process. Meanwhile, we're left to wonder what might be holding things back, other than AMD's institutional conservatism — the healthy reticence of engineers not to make any claims until they're sure of the win. That said, with Nvidia's B200s sold out for the next year, you'd think that AMD should be able to sell every wafer it makes, right? So are AMD's yields not good enough yet? Or are hyperscalers having their own problems scaling and deploying? Is there some other gating item? I'd love to know. Please don't take any of my questions the wrong way, because AMD is doing some amazing things, and I walked away from the Advancing AI event impressed with the company's progress. At the show, Su was forthright about describing the pace of this AI revolution we're living in — 'unlike anything we've seen in modern computing, anything we've seen in our careers, and frankly, anything we've seen in our lifetime.' I'll keep looking for answers to my nagging questions, and I'm eager to see how the competition between AMD and Nvidia plays out over the next two years and beyond. Meanwhile, AMD moved down the field at its event, and I look forward to seeing where it is headed.
Economic Times
a day ago
- Business
- Economic Times
Last chance to claim your Fortnite refund – Act fast or risk missing out on free cash
Fortnite players, there is still time to claim a refund for unintended purchases. The US Federal Trade Commission extended the deadline to July 9. The FTC already distributed $126 million in refunds. You can apply if charged for unwanted items between January 2017 and September 2022. Claims can be filed online through the FTC website. Tired of too many ads? Remove Ads Last chance to get your Fortnite refund Tired of too many ads? Remove Ads Who can get a refund? Who can file a claim? Watch out for scams Why is Epic Games refunding players? Tired of too many ads? Remove Ads FTC says kids were targeted FAQs If you or your child made an unintended purchase in Fortnite over the past few years, there's still time to claim a refund, but the clock is US Federal Trade Commission (FTC) has extended the deadline for filing a claim related to unwanted Fortnite purchases , as reported by TechRadar. While the original deadline was February 14, the new and final date to submit a claim is July 9, according to the far, the FTC has already distributed $126 million in refunds to players who submitted valid claims by the earlier deadline, as reported by you've already filed a claim, there's no need to do anything else, but in case you haven't, there's still time to act quickly by filing the claim online through the FTC's website, as per the TechRadar READ: Rocket Lab stock skyrockets past 52-week high with 13% surge - what's fueling the rise? The FTC has mentioned that you can apply for a refund if you meet at least one of the following criteria, as compiled by TechRadar:You were charged in-game currency for items you didn't want between January 2017 and September 2022Your child made charges to your credit card without your knowledge between January 2017 and November 2018Your account was locked between January 2017 and September 2022 after you complained to your credit card company about wrongful chargesALSO READ: Worry for Jensen Huang's Nvidia? AMD stock skyrockets - what did CEO Lisa Su say that has investors cheering However, to submit the claim form, you must be at least 18 years old and above, so a parent or guardian can also complete the claim form on behalf of those under that age, as reported by to the report, the claims process is only open for those in the United States, while the FTC has also warned against potential refund scams, reiterating the fact that it will never charge in order to file a claim. "Don't pay anyone who promises you an FTC refund in exchange for a fee," as quoted in the READ: Top economist warns: US faces a crisis worse than recession — here's what could be coming The refunds stem from a 2022 settlement between the FTC and Epic Games, Fortnite's developer, according to the report. Epic Games was accused of using deceptive design tactics, which are called 'dark patterns,' to trick players into making unintended purchases, according to the report. The company was also charged with violating children's privacy laws, which is the Children's Online Privacy Protection Act (COPPA), as per the TechRadar chair Lina M. Khan said previously that, "Epic used privacy-invasive default settings and deceptive interfaces that tricked Fortnite users, including teenagers and children," as quoted in the also said, "Protecting the public, and especially children, from online privacy invasions and dark patterns is a top priority for the Commission, and these enforcement actions make clear to businesses that the FTC is cracking down on these unlawful practices," quoted TechRadar in its yet. The deadline is now July 9, 2025. If you're eligible, file online before If your child made charges without your consent, you can still file a claim.
Time of India
2 days ago
- Time of India
Last chance to claim your Fortnite refund – Act fast or risk missing out on free cash
If you or your child made an unintended purchase in Fortnite over the past few years, there's still time to claim a refund, but the clock is ticking. Last chance to get your Fortnite refund The US Federal Trade Commission (FTC) has extended the deadline for filing a claim related to unwanted Fortnite purchases , as reported by TechRadar. While the original deadline was February 14, the new and final date to submit a claim is July 9, according to the report. So far, the FTC has already distributed $126 million in refunds to players who submitted valid claims by the earlier deadline, as reported by TechRadar. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You might be interested Undo If you've already filed a claim, there's no need to do anything else, but in case you haven't, there's still time to act quickly by filing the claim online through the FTC's website, as per the TechRadar report. ALSO READ: Rocket Lab stock skyrockets past 52-week high with 13% surge - what's fueling the rise? Live Events Who can get a refund? The FTC has mentioned that you can apply for a refund if you meet at least one of the following criteria, as compiled by TechRadar: You were charged in-game currency for items you didn't want between January 2017 and September 2022 Your child made charges to your credit card without your knowledge between January 2017 and November 2018 Your account was locked between January 2017 and September 2022 after you complained to your credit card company about wrongful charges ALSO READ: Worry for Jensen Huang's Nvidia? AMD stock skyrockets - what did CEO Lisa Su say that has investors cheering Who can file a claim? However, to submit the claim form, you must be at least 18 years old and above, so a parent or guardian can also complete the claim form on behalf of those under that age, as reported by TechRadar. Watch out for scams According to the report, the claims process is only open for those in the United States, while the FTC has also warned against potential refund scams, reiterating the fact that it will never charge in order to file a claim. "Don't pay anyone who promises you an FTC refund in exchange for a fee," as quoted in the report. ALSO READ: Top economist warns: US faces a crisis worse than recession — here's what could be coming Why is Epic Games refunding players? The refunds stem from a 2022 settlement between the FTC and Epic Games, Fortnite's developer, according to the report. Epic Games was accused of using deceptive design tactics, which are called 'dark patterns,' to trick players into making unintended purchases, according to the report. The company was also charged with violating children's privacy laws, which is the Children's Online Privacy Protection Act (COPPA), as per the TechRadar report. FTC says kids were targeted FTC chair Lina M. Khan said previously that, "Epic used privacy-invasive default settings and deceptive interfaces that tricked Fortnite users, including teenagers and children," as quoted in the report. Khan also said, "Protecting the public, and especially children, from online privacy invasions and dark patterns is a top priority for the Commission, and these enforcement actions make clear to businesses that the FTC is cracking down on these unlawful practices," quoted TechRadar in its report. FAQs Am I too late to file my Fortnite refund claim? Not yet. The deadline is now July 9, 2025. If you're eligible, file online before then. Can I still get a refund if my child made the purchase? Yes. If your child made charges without your consent, you can still file a claim.
Yahoo
2 days ago
- Business
- Yahoo
Analyst reboots AMD stock price target on chip update
Analyst reboots AMD stock price target on chip update originally appeared on TheStreet. Most of the AI hype train has hit a slowdown this year. However, AMD () clearly didn't get the memo, as its stock continues cruising past the noise and outpacing the market. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵 Once viewed as a traditional semiconductor play, AMD's now gunning for a much bigger role in the AI arms race. With tech stocks still under duress, AMD's rally sticks out. Naturally, it has triggered the usual bubble chatter. But Wall Street's heavy hitters think it still has plenty of gas left in the tank. Under the dynamic leadership of Lisa Su, AMD has gone from being a laggard in the AI race to becoming mission-critical in powering its 'open-standards, rack-scale' strategy essentially means that AMD is building all the pieces of a data-center rack. This robust package includes the seamless workings of its high-performance CPUs (its 5th-generation EPYC line), AI-focused GPUs (the new Instinct MI350 series), and smart network cards (Pensando NICs). In other words, it's offering a complete, plug-and-play stack, going toe-to-toe with the tech giants in massive server farms. In June, AMD unveiled the Instinct MI350 accelerators, delivering roughly four times the speed of its predecessors in running and training AI models. Additionally, the tech behemoth previewed its next big server CPU, code-named 'Venice,' built on a novel 2-nanometer chip process with up to 256 cores and the latest PCIe Gen 6 connection standard. Put simply, that means the chips fit more computing power into the same space and move data a lot quicker between different components. However, AMD isn't just resting on its hardware game. AMD has leveled up its software tools in ROCm, making it easier for engineers to run AI apps on its gear. Also, it has already landed a whopping $10 billion in commitments from major Middle East players in developing AMD-powered AI systems. In strengthening its bull case further, AMD's MI325X killed it in an MLPerf v5.0 showdown. More on Tech: Tesla robotaxi launch hits major speed bump Robotaxi rivalry heats up as new cities come online Struggling EV semiconductor company files for bankruptcy It raced past Nvidia's NVDA setup by fine-tuning Meta's Llama 2-70B model 8% faster and scaling without a hitch. It's no wonder OpenAI is already on board for 2026. AMD stock went on a tear Monday, jumping 7% to close at $138.43 following CFRA's upgrade. The Wall Street research firm CFRA gave a major nod to AMD, pointing to new products and rising Angelo Zino raised his rating to strong buy from buy and upped his price target to $165 from $125. That represents a 19% upside from AMD's current price. In his note to clients, Zino said, 'First, we see AMD closing the competitive gap to NVIDIA (NVDA) in 2026 as it launches the MI400x and prepares to shift to rack-scale solutions, with the ZT deal complete, offering GPU sales upside. We see an expanding customer base for AMD's accelerators (e.g., Oracle, OpenAI) while the company is also making progress with its open-source AI software stack (ROCm).' This comes on the heels of another rating bump, with Melius Research upgrading AMD from 'hold' to 'buy'. The independent research firm hiked its price target to $175, a huge 26% upside from here. Analyst Benjamin Reitzes highlighted rising demand from hyperscalers and sovereign players. He sees colossal GPU revenue upside ahead, especially with inferencing workloads taking off. Even with the stock up close to 25% this year, Reitzes says AMD could be on the verge of a monumental run. Putting things in perspective, AMD has blown past broader market gains, delivering a 10% gain over the past week and a huge 25.5% surge in the past month. That compares to the S&P 500's more modest gains of 1% weekly and 5% monthly. Year-to-date, AMD is up 15%, roughly quadrupling the S&P 500's 3.6% reboots AMD stock price target on chip update first appeared on TheStreet on Jun 25, 2025 This story was originally reported by TheStreet on Jun 25, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Business
- Time of India
Rocket Lab stock skyrockets past 52-week high with 13% surge - what's fueling the rise?
Rocket Lab USA Inc . stock surged on Thursday to reach a new record high, climbing more than 13% and breaking its previous 52-week high , which was driven by rapid launch pace and significant contract wins, as per a Benzinga report. Rocket Lab Soars to New Record High According to the Daily Chhattisgarh report, Rocket Lab's shares rose during early trading, and as of 10:02 am GMT on June 26, the stock was trading at $36.69, which is a significant rise of $4.34, this translates to a 13.42% gain for the day. Rocket Lab's stock began the day at $32.41, a little above the previous close of $32.35, and then rose sharply, hitting an intraday high of $37.27, as reported by Daily Chhattisgarh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cara Membantu Orang Terkasih Menghadapi Limfoma Limfoma Pelajari Undo ALSO READ: Worry for Jensen Huang's Nvidia? AMD stock skyrockets - what did CEO Lisa Su say that has investors cheering Analysts Turn Bullish As per Benzinga's report, the firm's stock increase was further supported by bullish analyst sentiment, with Cantor Fitzgerald recently upgrading its price target to $35 and Stifel reaffirming a $34 target. Live Events Catalysts Behind the Rally The company's stock rose after Rocket Lab revealed on Wednesday that the firm was selected by the European Space Agency for a dedicated mission to deploy two pathfinder satellites for a future navigation constellation, scheduled for late 2025, as reported by Benzinga. ALSO READ: Top economist warns: US faces a crisis worse than recession — here's what could be coming This announcement came at a time when the firm was preparing for its 'Get The Hawk Outta Here' mission for HawkEye 360, its third of four launches planned for June alone, as reported by Benzinga. Rocket Lab is also aiming to cement its position as an end-to-end national security space provider, according to the report. Benzinga wrote that, "Its recent acquisition of optical systems producer Geost enhances its capabilities, potentially positioning the company as a contender for the 'Golden Dome' missile defense system, which requires space-based sensors and interceptors." ALSO READ: US unleashes 30,000-pound bunker-busters on Iran — but scientists say Tehran's concrete may have won the day FAQs Why did Rocket Lab's stock surge today? The surge was driven by the announcement of a new ESA mission, strong launch momentum, and positive analyst ratings. Is this Rocket Lab's highest stock price ever? Yes. The stock hit a new 52-week—and all-time—high of $37.27 during trading on June 26.
