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AMD Technical Indicators Signal Caution: Is Death Cross Ahead For AI Stock?
Monday, August 12, 2024 - 11:06am | 648Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) are up 21.54% over the last year but down 8.91% year-to-date. It has gained about 2.92% over the last five trading days. In late July, the semiconductor giant enjoyed a brief resurgence after delivering second-quarter earnings that beat...
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Can AMD Stock Hit $180? AI Growth Fuels Data Center Dominance Over Intel
Wednesday, July 31, 2024 - 9:32am | 585Advanced Micro Devices Inc. (NASDAQ:AMD) appears set to give Intel Corp (NASDAQ:INTC) a serious run for its money. That’s according to a fresh update from JPMorgan analyst Harlan Sur who believes AMD can grow data center GPU revenue to more than $5 billion in its current fiscal year. The...
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Nvidia's AI Leadership Challenged As AMD Claims Superior Inference Performance With MI300 Chip: 'Partners Are Seeing Very Strong Performance'
Tuesday, April 30, 2024 - 11:44pm | 494Advanced Micro Devices Inc. (NASDAQ:AMD) CEO Lisa Su highlighted the company’s AI hardware’s superior performance over NVIDIA Corp (NASDAQ:NVDA) and its potential to cut customer costs during the first quarter earnings call this year. What Happened: Su claimed that AMD’s MI300X...
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AMD Promises An AI Chip Power Shift
Tuesday, June 20, 2023 - 9:43am | 805Last Tuesday, Advanced Micro Devices Inc (NASDAQ: AMD) unveiled a new chip that holds the promise to be the biggest threat to date to the monopoly of the AI chip market leader, Nvidia Corporation (NASDAQ: NVDA). GPUs are undoubtedly powering the AI race, as these chips are used by OpenAI that built...