AMD has unveiled its latest artificial intelligence chip, the Instinct MI325X, to compete directly with Nvidia’s data center graphics processors. Announced during a recent event, AMD stated that production of the MI325X will commence by the end of 2024,

Industry analysts say that while AMD's new GPU series is an improvement, it is still behind Nvidia's Blackwell.

With its new chip, AMD hopes to narrow the performance gap with Nvidia in the AI processor market. The Santa Clara-based company also revealed plans for its next-generation MI350 chip, which is positioned as a head-to-head competitor of Nvidia's new Blackwell system, with an expected shipping date in the second half of 2025.

Advanced Micro Devices may have disappointed investors with its Advancing AI event Thursday, but analysts said they're still bullish on the chipmaker's growth prospects.