According to the BrandZ report by Kantar for 2024, AMD has surpassed Intel in terms of brand awareness, while NVIDIA experienced the most growth. AMD’s success in brand recognition can be attributed to its advancements in the AI sector, leading to the company’s Instinct line of AI accelerators gaining popularity among customers. Additionally, AMD’s consumer offerings such as the Strix Point APUs have been well-received, contributing to its overall brand value surpassing Intel’s.
Kantar’s report ranks top brands globally based on various factors, including customer sentiment and financial data, reflecting consumer perception of the brand. In the Enterprise Technology & Services Platforms category, AMD significantly increased its brand value to $51.86 million, showcasing the company’s recognition in the market. AMD’s brand value increased by 53%, compared to Intel’s 23% growth since 2023, positioning AMD at 41st place and Intel at 48th in the rankings.
AMD was recognized as one of the “10 fastest-growing companies” in the report, alongside NVIDIA, which experienced a remarkable 178% brand value growth. The top brands by market value were Apple, Google, Microsoft, Amazon, and McDonald’s, with NVIDIA ranking sixth. The report indicates a tight competition between AMD and Intel, with AMD currently having a slight advantage due to its progress in the AI space and market positioning.
Although the report does not capture the current dynamics, it highlights AMD’s lead over Intel in terms of brand value. Intel’s upcoming platforms like Lunar Lake may impact the market dynamics in the future. However, for now, AMD’s success in brand recognition showcases its ability to capitalize on market opportunities effectively.
In conclusion, the BrandZ report by Kantar for 2024 indicates AMD’s success in surpassing Intel in brand value, driven by its advancements in the AI sector and strong market positioning. NVIDIA also experienced significant growth, reflecting the company’s dominant position in the tech industry. The competition between AMD and Intel remains fierce, with both companies expected to continue innovating and adapting to market trends to maintain their brand value.
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https://wccftech.com/amd-surpasses-intel-brand-recognition-nvidia-bags-6th-spot-single-largest-brand-value-growth/
