Game over for Nvidia? Lisa Su breaks silence as AMD chips leave Nvidia in the dust
Lisa Su, CEO of AMD, gave a big speech at the company's 'Advancing AI' conference in San Jose, California. She said AMD wants to solve the world's big problems using high-performance computing. Su said billions of people use AMD tech every day on platforms like Microsoft 365, Facebook, Zoom, Netflix, Uber, Salesforce, and SAP, according to TheStreet.
As per the Bloomberg report, she now thinks the AI chip market will go past $500 billion in the next 3 years, which is even more than her previous prediction. AMD's new chips, especially from the MI350 series, are faster than Nvidia's chips and are big upgrades over older AMD versions. The new MI355 chip is 35x faster than the older ones and started shipping earlier this month, as compiled by reports.
AMD is still behind Nvidia in the AI chip game, but these new chips show AMD is ready to catch up. These AI chips are used to build and run AI tools, and now AMD wants a bigger share of that market, as per TheStreet.
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AMD claims its MI355 outperforms Nvidia's B200 and GB200 chips when running AI software, and is just as good or better at making AI code. Plus, AMD says their chips are much cheaper than Nvidia. Nvidia hasn't responded yet to these claims, as per a report by CNN.
Just like Nvidia, AMD also can't sell its top AI chips to China because of U.S. trade rules, and they are trying to get the government to ease those rules. Even with all the hype, AMD's stock is down 4.1% in 2025 and 28% lower than last year, as per TheStreet.
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Analyst's reactions
Mark Lipacis from Evercore ISI raised AMD's target price from $126 to $144 and said the company is doing well with its ROCm software and cloud AI workloads. He also said AMD's client list has grown from just Meta,
Oracle
, and Microsoft to now include OpenAI, xAI, Cohere, RedHat, and Humain.
AMD now has better visibility in the data center GPU market, which could mean a higher stock valuation. According to Yahoo Finance, AMD's forward P/E ratio is under 30, while Nvidia's is under 34. Suji Desilva from Roth Capital raised AMD's target price to $150 from $125 and liked AMD's progress in AI processors, GPUs, networking, and rack systems, as stated in the report by CNN.
He expects faster growth in 2026 thanks to the MI350-based Helios rack. Desilva also said that AI tools like inferencing and agentic AI are big growth drivers. Christopher Danely from Citi kept a neutral rating with a $120 target, saying AMD did well with the MI355X launch, but didn't share a revenue forecast, which is important for the stock, according to the report by TheStreet.
FAQs
Q1. Is AMD now better than Nvidia in AI chips?
AMD says its new MI355 chip is faster and cheaper than Nvidia's top chips, but Nvidia hasn't responded yet.
Q2. Why is AMD getting attention after Lisa Su's AI event?
AMD launched powerful new AI chips and CEO Lisa Su said the AI market could go over $500 billion in 3 years.
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