Advanced Micro Devices (NASDAQ: AMD) has become one of the world's top suppliers of graphics processing units (GPUs) for data centers, which are the primary chips used in artificial intelligence (AI) training and inference workloads.
The company will release its operating results for the second quarter of 2026 (ended June 30) on Aug. 4, and if previous reports are any indication, CEO Lisa Su is likely to issue highly bullish forward sales guidance, which will be very good news for investors.
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Nvidia (NASDAQ: NVDA) had a near-monopoly in the AI data center market with its H100 GPU until 2023, when AMD entered the race with the MI300X. It attracted some of Nvidia's top customers, like Microsoft and Oracle.
AMD has since launched several new generations, including the MI350 and MI400 series, further expanding its customer base. But later this year, the company will start shipping its MI450 series GPUs, which can be customized to suit the needs of specific data center operators.