AMD's stock dropped nearly 10% amid a tech sell-off, but its AI business shows strong momentum as major clients like OpenAI and Meta commit billions to AMD GPUs. The company is building a full AI ecosystem challenging NVIDIA's CUDA dominance, with expanding software support and rising data center revenue, which doubled to $6.72 billion in Q2. AMD's margins and earnings improved significantly, and it maintains a strong balance sheet with net cash. Despite high valuation risks and export-related costs, AMD's growth outlook remains positive with expected doubling of data center revenue in 2027 and increasing Helios system shipments.
AMD's AI push contrasts with the current market moves of key players like Meta and Nvidia on Pluang. Meta shares are up 0.48% at USD 740.26, while Nvidia is down 0.24% at USD 216.70 as of Oct 16, 2026 18:12 WIB. This highlights differing investor sentiment in the tech sector amid AMD's strategic growth in AI.
Meta and Apple have partnered to optimize Meta's Muse Spark Open AI model to run efficiently on Apple's Mac Studio with the M5 Ultra chip. This collaboration marks a thaw in relations after years of friction, with Meta releasing the model's weights o...
AMD's stock has twice crossed the $600 mark but failed to sustain it, reflecting investor skepticism about its AI growth potential despite strong revenue increases, especially in Data Center sales. The company reported a 50.1% revenue rise in Q2 and ...
The MAGS ETF provides equal-weighted exposure to the Magnificent Seven, a group of leading U.S. tech companies benefiting from strong AI growth trends. It is projected to deliver top 20% average annualized returns, driven by companies like Nvidia, Am...
Meta has introduced Muse Spark Open, an advanced open-weight AI model with 816 billion parameters and a 1 million token context window, optimized for Macs. It excels in complex coding tasks and agentic workflows, running best on Mac Studio with the M...
Nvidia, Apple, and Cisco have pledged multimillion-dollar donations to fund the renovation of President Donald Trump's White House ballroom, with Nvidia and Apple each contributing $25 million and Cisco $5 million. Other major tech companies like Ama...
