Advanced Micro Devices (AMD) on Thursday (Oct. 10) unveiled a new artificial intelligence (AI) chip aimed at breaking Nvidia’s stronghold on the lucrative data center GPU market. The launch of AMD’s Instinct MI325X accelerator marks an escalation in the AI hardware arms race, with implications for businesses investing in AI.AMD’s announcement came during its Advancing AI 2024 event, where the company revealed a broad portfolio of data center solutions for AI, enterprise, cloud and mixed workloads. This port ...

AMD launched the Instinct MI325X accelerator on Thursday, and shipping starts later this fall.The new chip offers better performance than Nvidia's H200 yet lags behind Blackwell, analysts say.AMD's stock dipped over 4% post-announcement, reflecting only modest excitement amid competition. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your fav ...

Key TakeawaysAdvanced Micro Devices may have disappointed investors with its Advancing AI event Thursday, but analysts said they're still bullish on the chipmaker's growth prospects.AMD shares fell Thursday after the company unveiled its latest AI chips without raising its outlook or announcing new partnerships as some investors had expected.However, Jefferies analysts said they believe AMD's new AI chips could still drive gains for the stock with "enough demand to go around." Advanced Micro Devices (AMD) m ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.There was a time, less than a decade ago, where AMD (NASDAQ: AMD ) was flirting with whether it would be around anymore as its share price dropped below $ ...

The AMD stock (NASDAQ: AMD ) has been gradually regaining momentum after concerns of AI fatigue surged in the last earnings season and plagued markets. The chipmaker’s latest “ Advancing AI ” presentation for its next-generation “end-to-end AI strategy” further reinforces AMD’s increasingAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it ex ...

Advanced Micro Devices Inc AMD just unveiled its next wave of AI weaponry, and it's taking aim at none other than Nvidia Corp NVDA. AMD is gearing up to claim a bigger slice of the AI pie in an AI event packed with hardware reveals, partnerships, and tantalizing hints of future dominance. But can the underdog challenge the reigning champ in AI accelerators?JPMorgan’s Harlan Sur remains cautious, sticking with a Neutral rating while highlighting the hefty potential in AMD's AI-focused arsenal.AI Market Outlo ...

One key Nvidia competitor looks increasingly attractive in the current environment.When it comes to finding a top artificial intelligence (AI) stock to buy, investors may feel little motivation to look beyond Nvidia. Indeed, CEO Jensen Huang's decision to develop AI chips before Nvidia's competitors made it the dominant chip company in a lucrative and fast-growing niche. Naturally, investors want to own such a stock.However, despite Nvidia's market lead, many investors will balk at the stock's valuation. In ...

Originally a Biologist, M.Sc in Biomedicine, PhD in Bioengineerings, and +20 years experience in the research and development of novel Cell & Gene Therapies (CGT) tackling several clinical needs including orthopaedics and rare diseases. As an investor, I have been utilising my background in life sciences to assess the potential of novel treatments, including those using CGT, as well as, their capacity to drive shareholders' returns. Thus, as SA analyst, I will be focusing on analysing biotechnology, pharmac ...

On October 10, Advanced Micro Devices (NASDAQ: AMD) held its ‘Advancing AI’ event, announcing a wide range of new products. Despite this, the event, which historically caused AMD stock price to rise, was followed by a 3.19% decline.At press time a1, AMD shares were trading for $164.24. Even with this recent dip, the stock is up 18.89% year-to-date (YTD) after a 9.94% rally over the course of the last 30 days.AMD stock price daily chart. Source: FinboldAMD’s new line of productsSeeking to make further inroad ...

Key TakeawaysShares of Advanced Micro Devices tumbled Thursday as the chipmaker's new AI lineup failed to excite investors who are eager to see the company take on Nvidia.The stock has run into selling pressure near the upper trendline of a descending channel, with Thursday’s drop occurring on the heaviest trading volume since the early-August selloff, pointing to conviction behind the move lower.Investors should watch key lower levels on AMD's chart around $162, $142, and $122, while also monitoring an ups ...