AMD announced its agreement to acquire Taalas, a Toronto-based startup specializing in AI inference chips that are customized for specific AI models. These chips offer faster and cheaper processing for certain AI tasks compared to traditional GPUs, which AMD currently relies on for most data center growth. The acquisition follows Nvidia's $20 billion purchase of Groq, another AI chip startup, highlighting the competitive push in AI hardware. AMD plans to integrate Taalas' technology into its systems alongside its CPUs and GPUs, enhancing its offerings for low-latency AI applications and supporting its Helios rack-scale AI systems.
AMD's stock price fell sharply after its latest earnings report, despite beating analyst expectations on key metrics. The short volume ratio hit a two-week high of 62.60, indicating increased bearish sentiment among investors. The decline may be link...
The GraniteShares 2x Long AMD Daily ETF (AMDL) surged 302.7% year-to-date, outperforming AMD's 142.15% gain due to daily compounding in a trending market. However, after AMD's strong Q2 earnings report, AMDL dropped 15.19% intraday, reflecting its le...
Advanced Micro Devices (AMD) reported a record Q2 revenue of $11.5 billion, driven by a 107% increase in data center revenue. Despite strong sales and optimistic Q3 guidance, the company's non-GAAP gross margin remained flat at 56%, raising concerns ...
SpaceX reported strong revenue but shocked investors with $15.83 billion spent on AI infrastructure in Q2. It named NVIDIA as the exclusive AI chip supplier for its Starmind program, boosting NVIDIA-linked ETFs while SpaceX shares fell. AMD, despite ...
AMD's August 4 earnings report highlighted growing confidence in its AI-driven growth, prompting analysts to raise price targets despite recent share price declines. Truist increased its target to $594, citing improved product performance and a data ...
