Last Updated: June 13, 2023 at 2:01 p.m. ET

First Published: June 13, 2023 at 1:30 p.m. ET

Advanced Micro Devices Inc. officially launched its next-generation data-center central processing unit at its Data Center & AI Technology Premiere event in San Francisco on Tuesday.

Shipping now, AMD’s AMD fourth-generation Epyc data-center CPU, codenamed Bergamo, is intended to compete with Nvidia Corp.’s NVDA Grace Hopper data-center CPU.

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Advanced Micro Devices Inc. officially launched its next-generation data-center central processing unit at its Data Center & AI Technology Premiere event in San Francisco on Tuesday.

Shipping now, AMD’s AMD fourth-generation Epyc data-center CPU, codenamed Bergamo, is intended to compete with Nvidia Corp.’s NVDA Grace Hopper data-center CPU.

Like Nvidia, AMD has been swept up in the hype of artificial-intelligence technology going mainstream amid the popularity of Microsoft Corp. MSFT -backed OpenAI’s generative-AI ChatGPT, because all those large-language models and other AI technologies require a lot of computing power from data centers.

AMD claims the 128-core-per-socket CPUs excel at energy efficiency while using fewer servers. During her keynote, AMD Chair and Chief Executive Lisa Su said the chip delivered 1.8x performance per watt, compared with Intel Corp.’s INTC fourth-generation Xeon platinum CPU.

Read: Nvidia CEO expects AI revenue to grow from ‘tiny, tiny, tiny’ to ‘quite large’ in the next 12 months

Last year, Su called AI the company’s “single highest growth opportunity for us, the largest growth opportunity for us over the next few years.”

AMD shares have declined 0.3% in recent trading, while the PHLX Semiconductor Index SOX has risen 1.6%, the S&P 500 SPX has gained 0.8%, and the tech-heavy Nasdaq Composite Index COMP