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 linked to investor disappointment over AI-related growth prospects and Elon Musk's announcement that SpaceX will use Nvidia products exclusively. However, Wall Street maintains a strong buy rating with a bullish 12-month price target of $635.82, suggesting the downtrend may be temporary.
In August 2026, AMD executives sold more than $40 million worth of company stock, including a notable $13.6 million sale by CTO Mark Papermaster. These insider sales coincided with a 17% decline in AMD's share price from its late June peak above $580...
AMD reported robust Q2 results with revenue reaching $11.5 billion, fueled by a 107% growth in its data center segment driven by strong AI compute demand. Margins improved year-over-year, reflecting better cost efficiency. The company projects Q3 rev...
Anthropic has secured a $45 billion, six-year deal to rent AI computing power from British startup Nscale, utilizing Nvidia's cutting-edge Vera Rubin chip system. This deal, starting in late 2027, adds to Anthropic's aggressive expansion of compute c...
Advanced Micro Devices (AMD) projects its Data Center revenue will more than double by 2027, with server CPU revenue growing over 70%. This growth is supported by AMD's Helios platform, which integrates MI450 GPUs, Venice CPUs, Pensando networking, a...
Anthropic has secured a $45 billion cloud computing agreement with UK-based AI infrastructure firm Nscale, renting 460 megawatts of capacity at a new data center in West Virginia. This deal, expected to be operational by the end of 2027, will use Nvi...
