AMD CEO Lisa Su announced that the company's server revenue is projected to grow by more than 80% in the current half-year period. This growth estimate specifically excludes revenue from AMD's AI accelerator business, highlighting strong demand in other server segments. The significant increase signals robust performance and potential expansion opportunities for AMD outside of the AI market. Investors may see this as a positive indicator of AMD's broader server market strength.
AMD filed its first 13F report disclosing a $1.31 billion equity portfolio focused on six key positions, including a $565.5 million stake in SpaceX. Notably, AMD holds significant investments in AI-driven biotech firm Absci, AI infrastructure partner...
Shares of AI hardware companies, including Cerebras, Intel, and AMD, fell sharply before Cerebras' Supernova product event due to profit-taking and broader market rotation. Despite strong endorsements and revenue growth projections, Cerebras faces se...
Nvidia recently backed an OpenAI data center project with a massive $105 billion investment, stirring mixed reactions amid concerns about AI market risks. Meanwhile, Advanced Micro Devices (AMD) acquired Canadian startup Taalas, which specializes in ...
US export controls on chipmakers like Nvidia, AMD, and Intel, initiated by the Biden administration and supported by Congress, are causing more harm than just lost sales. While these companies lose access to the Chinese market, Chinese firms such as ...
Intel shares fell 4% alongside other chipmakers like AMD and NVIDIA due to rising Treasury yields pressuring high-growth tech stocks. Despite the pullback, Intel stock is still up 180% year-to-date. Recent quarterly filings revealed NVIDIA holds a ma...
