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Image source: Advanced Micro Devices (AMD) presentation. The gaming segment, which is cyclical, is enduring a downturn between gaming console generations.
AMD: Shares of the chipmaker rose about 2% early Monday after the company announced plans to acquire hyperscale solutions provider ZT Systems in a deal valued at $4.9 billion.
Advanced Micro Devices (NASDAQ: AMD) stock surged in Tuesday's trading. The company's share price closed out the day's trading up 4% and had been up as much as 4.7% earlier in the session.
AMD is jumping on the AI bandwagon. For premium support please call: 800-290-4726 more ways to reach us
AMD began a sponsorship deal with Victory Five (V5) for the League of Legends Pro League (LPL) in 2022. [333] AMD was a sponsor of the Chinese Dota Pro Circuit together with Perfect World. [334] In February 2024, AMD was a Diamond sponsor for the World Artificial Intelligence Cannes Festival (WAICF). [335]
While the stock is seeing big sell-offs in today's trading, AMD's third-quarter results weren't concerning in isolation. Overall revenue was up 17.6% year over year in the period, and adjusted ...
AMD Xilleon logotype Xilleon x225. Xilleon is a brand for a family of SoCs combining a low-power CPU with ASICs for accelerated video decompression and further functions for major worldwide broadcast networks (including PAL, NTSC, SECAM and ATSC) targeting digital television (i.e. products like set-top boxes, Integrated digital television, digital television adapters, smart TVs, etc.).
AMD's Advancing AI conference delivered new product reveals and promising sales indicators, and the pullback for the company's stock is likely a reflection of "buy the rumor, sell the news" dynamics.