The MI325X, Aug. 27 -- Advanced Micro Devices spent Tuesday absorbing pressure it did not generate. The stock fell $2.57 to $176.38 - a 1.4% decline - as investors across the chip sector moved to the sidelines ahead of NVIDIA's fiscal second-quarter earnings Wednesday evening. AMD's own AI business is growing. The stock's problem, for now, is that it grows in NVIDIA's shadow.

the MI350X, built on TSMC's 3nm process - is expected to enter volume production in the fourth quarter of this year. AMD's roadmap credibility is higher now than it was eighteen months ago, when the MI300X launched to skepticism about whether it could actually challenge NVIDIA's H100 at the data-center level.

The answer, measured by revenue, is that it has - partia...