What's Going On With AMD Stock On Tuesday?

Zinger Key Points
  • AMD launches Versal Gen 2 SoCs, boosting AI system efficiency and power.
  • Subaru picks AMD's Versal AI Edge Gen 2 for enhanced vehicle safety features.

Advanced Micro Devices, Inc AMD has unveiled its Versal adaptive SoC portfolio expansion with the Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2

These new devices aim to consolidate preprocessing, AI inference, and postprocessing into a single unit, aiming for the end-to-end acceleration of AI-driven embedded systems. 

The latest Versal Series Gen 2 devices build upon their predecessors by offering up to three times the TOPs-per-watt efficiency for the AI Edge Series and up to ten times more scalar compute power for the AI Edge and Prime series.

Also Read: AMD Advances Open Source Initiative with MES Firmware Release for Radeon GPUs

AMD’s Versal AI Edge Series Gen 2 has been selected by Subaru Corporation for its next-generation advanced driver-assistance system (ADAS) vision system, EyeSight, enhancing safety features in Subaru vehicles. 

The Versal AI Edge Series Gen 2 devices are engineered for complex AI inference performance, ultra-low latency, and the safety capabilities essential for advanced AI-based automotive safety technologies.

The Versal AI Edge Series Gen 2 devices combine FPGA programmable logic, next-gen AI Engines, and Arm CPU cores to offer a comprehensive solution for AI-driven embedded system acceleration, from sensor connection and data processing to decision-making and control.

Meanwhile, the Prime Series Gen 2 targets traditional, non-AI embedded systems, offering significant scalar compute capabilities and high-throughput video processing for applications such as ultra-high-definition video streaming.

Analysts project the key AI beneficiary to record $4 billion in 2024 revenue and $7.6 billion by the fiscal year 2025. They expect AMD to gain server market share.

AMD, the Nvidia Corp NVDA rival’s stock has gained 78% in the last 12 months. Investors can gain exposure to the stock via IShares Semiconductor ETF SOXX and Invesco PHLX Semiconductor ETF SOXQ.

Price Action: AMD shares traded higher by 0.28% at $170.91 on the last check Monday.

Also Read: AMD’s MI300 Chip Gains Momentum, Analyst Predicts Strong Growth and Server Market Success

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs
Posted In: NewsTop StoriesTechAI GeneratedBriefsBZ Data ProjectStock Battles
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!