A surprise development may have turned the market for artificial intelligence (AI) chips on its head. DeepSeek, a China-based start-up, developed an open-source large language model, claiming it took two months and cost less than $6 million.
Advanced Micro Devices, Inc. has been overly sold off, attributed by its competitive AI accelerator offerings including Instinct MI300X, the upcoming MI325X, and MI350X. This is on top of the management's choice to undercut its direct competitor, as more hyperscalers utilize the Instinct series, no matter the impacted gross margins. These have led to AMD's AI accelerators offering a better price-to-performance ratios compared to Nvidia Corporation's, with these likely to be a boon after the recent DeepSeek revelation.
Advanced Micro Devices' fourth-quarter 2024 earnings are likely to have gained on strong client & data center growth amid weakness in the Gaming & Embedded segments.
AMD stock has declined by almost 5% over the last five trading days. The stock also remains down by about 19% since the start of 2024.
Advanced Micro Devices (NASDAQ: AMD) is in a peculiar position. The chipmaker has long been the main rival of stock market darling Nvidia (NASDAQ: NVDA) in terms of high-end GPUs.
A recent sell-off in artificial intelligence (AI) stocks should serve as an important reminder to investors not to ignore valuations. There is a lot of demand for AI-related products and services, and concerns about whether the tech sector is once again overspending on growth are valid.
As founder of Coatue Management, Philippe Laffont oversees $26.9 billion invested in more than 80 stocks, and though he buys players across many sectors, one in particular stands out. The billionaire is known for his investments in innovative companies, and he's generally found them in the area of technology.
Advanced Micro Devices' Q4 performance is likely to have been hurt by weakness in the Embedded and Gaming segments, offset by strong Data Center and Client growth.
Get a deeper insight into the potential performance of Advanced Micro (AMD) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Corporate America just kicked off a new quarterly earnings season. Over the next few weeks, hundreds of companies will report their latest financial results, but Wall Street will be most focused on those leading the artificial intelligence (AI) race.
Semiconductor giant Advanced Micro Devices has massively underperformed the broader market in recent quarters and is sitting at a key technical level ahead of its upcoming quarterly report. While negative revision trends and the emergence of new threats in the form of DeepSeek to the AI CAPEX boom support Mr. Market's bearishness, AMD looks enticing based on fundamentals. In this report, we preview AMD's Q4 2024 report and look at its updated long-term risk/reward.
Advanced Micro Devices (AMD 2.79%) has had a forgettable run in the past year. As of this writing, the chipmaker has lost 35% of its value, which is in stark contrast to the 23% gains logged by the PHLX Semiconductor Sector index over the same period.