Advanced Micro Devices has forged close ties to a batch of artificial intelligence startups as part of the company's effort to bolster its software and forge superior chip designs.

AMD has spent years—and billions of dollars—advancing its capabilities and software to better compete with Nvidia, analysts said.

Advanced Micro Devices (AMD) launches its new M1350 semiconductor, positioned to rival Nvidia's (NVDA) Blackwell line of AI chips. Shares of Chime Financial (CHYM) are stumbling Friday morning, its first full trading day since making its public debut via an IPO on Thursday.

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AMD on Thursday unveiled new details about its next-generation AI chips, the Instinct MI400 series, that will ship next year. CEO Lisa Su unveiled the chips at a launch event in San Jose, California.

AMD said Thursday that its forthcoming Instinct MI350 series GPUs provide greater memory capacity and better or similar AI performance compared to Nvidia’s fastest Blackwell-based chips.

Semiconductor stocks rose Monday as a White House official indicated restrictions on chip exports to China could be lessened through trade talks taking place in London.