AMD will host its Advancing AI 2026 event in San Francisco, where Jefferies analysts expect the company to raise its AI CPU market estimate above $200 billion, surpassing Nvidia's figure. The event may also reveal details on AMD's next-gen MI500 GPUs and new customer announcements, with speculation around a deal with AI company Anthropic. AMD's past AI events showed new customer deals significantly impact its outlook. Analysts note that future deals may focus more on economics than equity incentives, as AMD has already allocated 20% equity to OpenAI and Meta. The MI500 series, based on advanced 2nm CDNA 6 architecture, promises a 1,000-fold AI performance boost and may introduce new optical interconnect technology for scale-up.
The Invesco S&P 500 Momentum ETF (SPMO) remains a hold despite increased volatility and sharper pullbacks following its September rebalance. The fund shifted exposure from established tech giants like Nvidia and Broadcom to higher-beta AI infrastruct...
Advanced Micro Devices' Executive Vice President Forrest Norrod sold 17,262 shares worth $9.33 million, marking his third consecutive mid-month sale amid rising concerns in the AI sector. This insider selling coincides with broader tech industry worr...
Intel shares rose 5% to about $94 as semiconductor stocks recovered from a sharp sell-off last week driven by doubts over AI spending sustainability and data center investment returns. The sector-wide rebound included gains for AMD, Nvidia, and Micro...
