Advanced Micro Devices (AMD) presented its new Instinct MI325X AI chip at its Advancing AI 2024 conference on Thursday, the semiconductor manufacturer planning to begin production by the end of 2024 and already promoting the GPU (graphics processing unit) to "exceed some of the capabilities of its rival." In Thursday's session, AMD stock fell by 5% despite this grand unveil.

Morning Brief hosts Seana Smith and Brad Smith dissect why AMD's AI chip presentation failed to impress Wall Street yesterday.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.