$AMD shares up 8% following rollout of new MI300 AI chips

AMD shares surged over 8% after the launch of its latest AI chip, the Instinct MI300, with major players like Microsoft, Meta, and OpenAI set to utilize it. AMD CEO Lisa Su hailed the MI300 as the world's highest-performance accelerators for generative AI. The company forecasted MI300 sales to bring in $2 billion in revenue for 2024.

https://www.investopedia.com/amd-stock-surges-with-microsoft-meta-and-openai-set-to-use-its-latest-ai-chip-8411853