Dec. 26 at 3:53 PM
Digitimes Asia says
$BABA has just placed a massive order for more than 40,000
$AMD MI308 accelerators, AMD's China-compliant AI chips.
This is just the beginning, as Bernstein predicts that
$AMD's market share in China would jump from 2% this year to 12% in 2026.
Everything looks good for
$AMD as China is off to a fast start, and US-based AI labs are increasingly turning to it with demand shifting from training to inference.
Meanwhile, the stock is still trading at just 15x 2028 earnings.
Long
$AMD.