In this video, I will cover recent updates about Advanced Micro Devices (AMD -3.36%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
Chip maker AMD is investing $20 million in AI drug startup Absci, which will use AMD chips and software for drug development.
Strategists at HSBC led by Frank Lee lowered their price target on the shares to $110 from $200 and cut the rating to Reduce from Buy.
Many tech stocks soared over the past year as expectations for lower interest rates and milder macroeconomic headwinds brought back the bulls. But with the Nasdaq Composite index now hovering near its all-time highs, investors should get a bit pickier when it comes to the tech stocks they buy.
The latest trading day saw Advanced Micro Devices (AMD) settling at $127.33, representing a -1.71% change from its previous close.
U.S. stocks could open on a tentative note on Tuesday after the averages closed on a mixed note on Monday. Despite a rally in AI stocks and chip-making companies, futures were mixed on Tuesday, pointing at cautiousness among investors.
Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) unveiled its latest lineup of AI and gaming chips at CES 2025 in Las Vegas, aiming to solidify its position in the competitive semiconductor market. The company introduced Ryzen AI Max processors for high-performance laptops, offering up to 128GB of unified memory and 50 TOPS of AI power, alongside PRO variants with enhanced security for enterprise use.
The Advanced Micro Devices (AMD) stock price has continued to underperform the market even as artificial intelligence tailwinds remain. AMD peaked at $226.86 on March 4th and has retreated to $129, a 43% crash.
CNBC's Kristina Partsinevelos joins 'Power Lunch' to discuss AMD's push into AI pc and the competition in the space.
At CES 2025 in Las Vegas, AMD unveiled a slew of new chips destined for devices ranging from desktops to gaming handhelds.
U.S. Chips Act beneficiary Intel Corp's INTC crisis appears to be worse than expected, as companies ranging from Nvidia Corp NVDA and smaller rivals, erstwhile partners like Microsoft Corp MSFT rush to nab Intel's market share that is critical for its profitability.