Advanced Micro Devices (NASDAQ: AMD) has emerged as the No. 2 player in the artificial intelligence (AI) accelerator market, although it remains far behind Nvidia. While Nvidia is now generating $30 billion per quarter in its data center segment, AMD has said it expects to produce around $5 billion from AI accelerator sales in all of 2024. With demand for AI accelerators still booming and AMD’s market share small, there should be plenty of room for the company to grow its AI business quickly.