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Riding high on AI chip demand, AMD passes $1T market cap

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Riding high on AI chip demand, AMD passes $1T market cap

Advanced Micro Devices surged past the $1 trillion market-cap threshold in intraday trading on Monday, becoming the latest AI chipmaker to reach the elite trillion-dollar club. AMD stock is riding a five-day hot streak, and its share price has almost tripled this year. AMD chip engineer Chitra Barvekar posted on LinkedIn that "strong execution, real demand, and a growing role in the future of AI" helped the company reach the milestone. AMD is the fourth chipmaker to cross the trillion-dollar mark, following Nvidia, Broadcom and Micron.

3 min read A Admin

Advanced Micro Devices crossed the $1 trillion market-capitalization threshold for the first time Monday, marking a historic milestone for the semiconductor company as investors continue betting heavily on its expanding role in artificial intelligence...

AMD commits up to $5B to Anthropic in new partnership

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AMD commits up to $5B to Anthropic in new partnership

Advanced Micro Devices on Wednesday revealed plans to invest up to $5 billion in Anthropic "in the future." The partnership will also see Anthropic deploy 2 gigawatts of AMD graphics processing units in its Helios rack-scale solutions. Though rival Nvidia commands much of the market for GPUs, AMD has nabbed a number of deals with big-name AI players, including OpenAI. Anthropic, meanwhile, has been inking agreements to expand its computing capacity — including a $1.25-billion-a-month tie-up with Elon Musk's SpaceX. The startup is expected to go public within months.

1 min read A Admin

Advanced Micro Devices announced on Wednesday plans to invest up to $5 billion in Anthropic in the future. The strategic partnership aims to strengthen collaboration between the two companies in the AI sector. As part of the deal, Anthropic will deploy 2...

AMD shares explode on booming data center business

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AMD shares explode on booming data center business

Advanced Micro Devices shares soared 20% premarket on Wednesday following Tuesday's blowout earnings report. Fueled by a 57% increase in its data center business, the chipmaker nearly doubled its net income from last year, while revenue climbed 38% to $10.25 billion. The demands of artificial intelligence continue to buoy the entire sector, and AMD CEO Lisa Su called data centers the "primary driver of our revenue and earnings growth." The company anticipates $11.2 billion in revenue for the next quarter, with its Helios rack-scale systems due later this year.

2 min read WebNovare

AMD Delivers Strong Quarter as Focus Shifts to AI Systems Q1 earnings highlight growth, but attention turns to future AI infrastructure AMD reported an impressive first quarter, exceeding expectations on both revenue and earnings. The company posted $10.25...