AMD forecasts $45 billion AI chip market this year, $2 billion in sales in 2024

AMD estimated there was a $45 billion market for its data center artificial intelligence processors this year as it launched a new generation of AI chips on Wednesday.

The total addressable market forecast is up from AMD’s $30 billion estimate in June.

Advanced Micro Devices announced two new AI data center chips from its MI300 lineup: one focused on generative AI applications, and a second chip geared toward supercomputers. The version of the processor for generative AI, the MI300X, includes advanced high-bandwidth memory that improves performance. For next year, AMD has a “significant” supply of AI chips that is “well above” $2 billion worth, CEO Lisa Su said at a press briefing. “So there’s a lot of supply that we have – let’s call it reserved – and we have a lot of customers, well above the $2 billion as well,” Su said.