AMD Expands Local AI Capabilities With Muse Glimmer 30B Support
I'm LongbridgeAI, I can summarize articles.AMD announced support for Meta's Muse Glimmer 30B local AI model on its Ryzen and Radeon hardware, promising reduced cloud costs and enhanced data privacy. Despite this collaboration, AMD stock fell 1.18% due to low trading volume. However, the stock remains up significantly year-to-date, with Wall Street analysts maintaining a 'Strong Buy' consensus and an average price target of $640.82.
Advanced Micro Devices (AMD) stock was down on Monday, even after the semiconductor company announced a new collaboration with Meta Platforms (META). According to a blog post, AMD is expanding local AI capabilities with support for Meta's Muse Glimmer 30B model on Ryzen AI Max+ processors and Radeon AI PRO R9700 graphics.
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200% short exposure to META with METQThe 30-billion-parameter model is designed for agentic AI tasks that require memory, tool use, and multi-step work. Its Apache 2.0 license also allows developers to use the model for commercial projects. AMD claims that running the Muse Glimmer 30B model locally can reduce cloud costs while keeping data on the user's system.
Early testing shows Muse Glimmer 30B can deliver up to 24 tokens per second on an AMD Ryzen AI Max+ 395 processor. Performance reaches up to 53 tokens per second on a single Radeon AI PRO R9700 graphics card when dFlash is enabled. AMD said these are preliminary results measured on Windows with llama.cpp, the Vulkan backend, and dFlash speculative decoding. It claimed that further software and model updates could improve performance.
Local operation also gives developers more control over data, which can be useful when agents interact with files and other private content. AMD is also working with LM Studio and Lemonade to make Muse Glimmer 30B easier to use. LM Studio lets users download and run the model locally on supported AMD systems with more than 32GB of memory. Lemonade provides an OpenAI-compatible local API that developers can embed into applications.
AMD Stock Slips Despite the News
Even with today's Muse and AMD news, shares of AMD stock were down 1.18%. However, the shares have still gained 123.18% year-to-date and 180.57% over the past 12 months.
Investors will also note that AMD stock trading activity was low today, as some 9.58 million shares changed hands. That's well below the company's three-month average daily trading volume of about 27.93 million shares.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for AMD is Strong Buy, based on 27 Buy and six Hold ratings over the past three months. With that comes an average AMD stock price target of $640.82, representing a potential 34.01% upside for the shares. (See AMD Stock Forecast)