AMD MI300X vs. Nvidia H100/H200 Benchmark: CUDA Moat Remains

SemiAnalysis conducted a five-month independent benchmark of AMD's MI300X against Nvidia's H100 and H200. While the MI300X boasts theoretical advantages in performance and TCO, real-world results fell significantly short due to flaws in AMD's public software stack and insufficient testing. AMD's software proved problematic, hindering usability and resulting in performance trailing Nvidia's offerings across most benchmarks. Despite improvements from AMD engineers, the software stack remains underdeveloped, leaving the CUDA moat intact. This in-depth analysis offers concrete recommendations for AMD to enhance its software and competitiveness.