Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.
AMD is trying to make a dent in the AI graphics card market, but will it be able to eat into Nvidia's market share?
The Biden administration has privately discussed capping sales of advanced AI chips from Nvidia and AMD to certain Persian Gulf countries in the interest of national security, Bloomberg reported on Monday. The restriction could put a ceiling on export licenses for certain countries, potentially Saudi Arabia and the United Arab Emirates, which are heavily investing in AI data centers.
Even as the adoption of AI accelerates, there will be inevitable bumps in the road.
An ASML warning about the health of the semiconductor market is one factor weighing on AI chip stocks Tuesday — but one analyst says Nvidia investors shouldn't be worried.
Chip stocks tumbled Tuesday morning, with NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) dropping 5% after reaching a record-high close the previous session. The PHLX Semiconductor Index (SOX) fell 4%, weighed down by declines in Arm Holdings (ARM), KLA Corp (NASDAQ:KLAC, ETR:KLA) (KLAC), Advanced Micro Devices (AMD), and ASML Holding (ASML).
Advanced Micro Devices NASDAQ: AMD is gaining traction with AI. NVIDIA NASDAQ: NVDA remains the leader because of its first-mover advantage, but there are other significant players, and AMD is the leader.
Advanced Micro Devices announced various updates to its networking solution, which could help that solution expand into massive AI clusters.
Here's why AMD is well positioned to benefit from the AI infrastructure buildout.
Advanced Micro Devices could struggle to reach Wall Street's expectations for AI chips this year and next, according to Oppenheimer analysts.
Nvidia Corp. NVDA is leading the weakness in the chip space in premarket trading on Tuesday, with potential ramifications of the U.S.-China standoff triggering the slide.
U.S. officials are considering capping sales of advanced AI chips to certain countries in the interest of national security, Bloomberg News reported Monday night.