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June 12, 2023: AMD: flirting with a new 52-week high.
Original Post
AMD: tracking Nvidia gains. Link to Bloomberg via Yahoo!Finance.
The stock’s 87% surge would make it the top performer on the Philadelphia Stock Exchange Semiconductor Index if it wasn’t for the stratospheric gain of rival Nvidia Corp.
Nvidia briefly became the first chipmaker to have a trillion-dollar market value after delivering concrete evidence that the rush to develop new AI services is translating into a surge in orders for hardware.
AMD gets its shot to prove it’s also a player in AI computing on Tuesday when executives introduce new data center chips at an event in San Francisco.
Investors will get a peek at its Epyc processor aimed at cloud computing, but they’ll likely be more focused on the forthcoming MI300, a purported rival to the H100 from Nvidia that’s at the heart of that company’s strong position.
Reuters:
QCOM: Google search, June 11, 2023 --
Motley Fool: link here.
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