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AMD shares up as investors cheer AI-driven growth targets

Advanced Micro Devices shares surged 7% today after the chipmaker unveiled a bold $100 billion annual data centre revenue target, with plans to claim a larger slice of the booming artificial intelligence market dominated by Nvidia.

Business • 12 Nov

Advanced Micro Devices has issued a second-quarter revenue forecast that topped Wall Street estimates

AMD sees $1.5bn revenue hit from US curbs on China chips

Advanced Micro Devices has forecast a $1.5 billion hit to revenue this year due to new US curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China.

Business • 07 May

Nvidia shares surged nearly 13% on expectations its top-of-the-line processors will remain in tight demand

Nvidia shares surge 13% as market value hits $330 billion

Nvidia added about $330 billion in stock market value last night, a record one-day gain for any company on Wall Street after Microsoft and Advanced Micro Devices reignited the AI rally.

Business • 01 Aug 24

Two of Intel's most important markets are showing weakness after two years of strong growth as remote work boomed during Covid

Intel has stumbled, CEO says, sending its shares lower

Intel has said it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data centre division.

Business • 27 Jan 23

The deal, announced in October 2020, was originally valued at $35 billion, but the rise of AMD stock has pushed up the price tag

AMD closes record chip industry deal with Xilinx deal

Semiconductor designer Advanced Micro Devices said today it has finalised the purchase of Xilinx in a record chip industry deal valued at about $50 billion.

Business • 14 Feb 22

AMD to buy Xilinx for $35 billion in data centre push

Semiconductor designer Advanced Micro Devices said today would buy Xilinx in a $35 billion all-stock deal, intensifying its battle with Intel in the data centre chip market.

Business • 27 Oct 20