AMD is optimistic about the prospects of new AI chips and is expected to generate $2 billion in revenue next year. During a financial conference call on the evening of October 31st local time, AMD stated that the company's MI300 processor will start shipping in the next few weeks and it will compete with NVIDIA's products in the field of artificial intelligence. This chip has received a large number of early orders, including orders from large cloud computing customers. AMD stated that this chip is expected to generate $400 million in revenue this quarter and is expected to generate $2 billion in revenue throughout 2024. The company expects it to become AMD's fastest ever product with sales reaching $1 billion. AMD expects revenue to reach $5.8 billion to $6.4 billion in the fourth quarter.