AMD Rallies on Meta AI Deal
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Advanced Micro Devices is evolving into an AI infrastructure leader, leveraging CPU, GPU, and rack-scale solutions for accelerated growth. Learn more about AMD stock here.
AMD stock fell 12% despite Q4 data center revenue rising 39% to $5.4B as analyst cites software gaps and scale challenges versus Nvidia competition.
AMD stock was down about 2.5% in midday trading, recovering slightly after falling as much as 5% earlier in the session. The pullback followed reports that production of the company’s Instinct MI455X accelerators has been delayed as engineers work to resolve technical issues.
The market didn't appreciate AMD's latest quarterly results.
The chipmaker inked a deal with OpenAI in October that could see the startup take a 10% stake in AMD. OpenAI will deploy 6 gigawatts of AMD's Instinct graphics processing units over multiple years beginning with an initial 1-gigawatt rollout of chips in the second half of 2026, the companies said.
Detailed price information for Adv Micro Devices (AMD-Q) from The Globe and Mail including charting and trades.
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Jim Cramer Believes Advanced Micro Devices (AMD) Stock Being Down Isn’t Indicative of Performance
We recently published 17 Stocks Jim Cramer Talked About. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks that Jim Cramer talked about. Chip designer Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares are up by 81% over the past year and are down by 7% year-to-date after they closed 17% lower on February 4th.
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Advanced Micro Devices, Inc. (AMD), Constellation Energy Corp. (CEG) and Freeport-McMoRan Inc ...
Spending on artificial intelligence (AI) infrastructure is poised to remain robust in the coming years, with McKinsey estimating a whopping $7 trillion will be spent on data centers by 2030 to build enough computing power to support workloads in the cloud.