Advanced Micro Devices (AMD) closed the most recent trading day at $139.44, moving -1.02% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.3% for the day. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq added 0.25%.Shares of the chipmaker have appreciated by 9.48% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 3.42%.Investors will be eagerly watching for the performan ...

SANTA CLARA, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced that Dr. Lisa Su, chair and chief executive officer, will present at the Goldman Sachs Communacopia and Technology Conference on Monday, Sept. 9 at 12:25 pm PT / 3:25 pm ET. A webcast of the presentations can be accessed on the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, ...

Nvidia stock had one of its worst days on Tuesday.In today's video, I discuss recent updates impacting Nvidia (NVDA -9.53%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Sept. 3, 2024. The video was published on Sept. 3, 2024. ...

WATERTOWN, Mass., Sept. 04, 2024 (GLOBE NEWSWIRE) -- EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT), a company committed to developing and commercializing innovative therapeutics to improve the lives of patients with serious retinal diseases, today announced the appointment of Fred Hassan, a distinguished industry leader to its Board of Directors. “I am honored to welcome Fred Hassan to EyePoint’s Board,” said Göran Ando, M.D., Chair of the Board of Directors of EyePoint Pharmaceuticals. “He joins at an impo ...

SANTA CLARA, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that Keith Strier has joined the company as senior vice president of global AI markets. Strier has more than 30 years of experience in strategic business and market development, technical engineering and enabling responsible AI deployments. He most recently served as vice president of worldwide AI initiatives at NVIDIA, with responsibility for expanding commercial engagements with foreign governments. At AMD, he will b ...

Advanced Micro Devices (AMD) shares have gained 10%, outperforming the broader Zacks Computer & Technology sector's return of 9.7%. The semiconductor chip provider has been riding on strong performance of the Data Center segment. In the second quarter of 2024, Data Center revenues surged 114.5% year over year to $2.83 billion and accounted for 48.6% of total revenues. Sequentially, revenues increased 21%. Exiting second-quarter 2024, AMD had more than 900 public cloud instances available, with Netflix and U ...

These companies are enabling the AI revolution of the economy.Artificial intelligence (AI) is creating tremendous new opportunities in software and computing hardware. The AI market is projected to grow at an annualized rate of 28% through 2030 to reach $826 billion, according to Statista.This growth will certainly send some stocks skyrocketing in value in the years to come. Here are two great choices to help you profit from this opportunity.1. Palantir TechnologiesThe floodgates of enterprise investment in ...

JHVEPhoto Investment thesis A significant increase in shipments of Instinct MI300 AI accelerators and strong sales of EPYC processors drove data center revenue growth of 115% YoY and +21% QoQ in Q2 2024. Revenue from Instinct MI300 sales exceeded $1 billion for the first time in Q2 2024 and guidance for the full year 2024 was raised again, leading to a corresponding increase in our revenue guidance for the company. AMD's (NASDAQ:AMD) GPU revenue roadmap for 2024 was reaffirmed, which is positive for inv ...

These companies have invested billions in AI and will likely see major gains from the industry in the coming years.Despite a surge of growth since the beginning of last year, the artificial intelligence (AI) market remains a compelling investment opportunity. The industry was worth $200 billion in 2023 and is racing past that figure, expanding at a compound annual growth rate of 37% and projected to achieve just under $2 trillion in spending by 2030. As a result, companies and investors will likely continue ...

These artificial intelligence-related companies' recent growth suggests there are lucrative opportunities ahead.The experts working with this technology say that artificial intelligence (AI) is going to bring new services that people won't be able to imagine living without. Investing early in the companies behind the breakthroughs associated with AI could result in outstanding returns in the coming years.Now is the right time to begin your AI stock search. To help in that search, here are two AI stocks that ...