AMD's stock pops after Microsoft tech chief touts chipmaker's AI products

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AMD's stock pops after Microsoft tech chief touts chipmaker's AI products
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AMD and Microsoft have collaborated for years on computers, consoles and the cloud, and are doing more work together now in artificial intelligence

So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since the launch in late 2022 of OpenAI's ChatGPT chatbot, the tech industry has been swarming to new large language models, which require hefty processing power.in the current quarter. AMD announced in June that during the third quarter it would start sampling its MI300X chip with clients. Those GPUs were designed specifically for AI models.Sign up for NBC San Diego newsletters.

"They're making increasingly compelling GPU offerings that I think are going to become more and more important to the marketplace in the coming years," Kevin Scott, Microsoft's chief technology officer, said at the Code conference in Dana Point, California, on Wednesday. Microsoft and AMD are longtime partners, and it's in Microsoft's interest to have more high-powered chips on the market from a broader set of vendors. For years, Microsoft has offered some AMD GPUs to its Azure cloud customers, in addition to powering some of its computers and its Xbox consoles with AMD chips.Microsoft had started offering a cloud networking service to clients, drawing on the chipmaker's Pensando products.

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