|Day's range||4.20 - 5.25|
Artificial intelligence has the potential to reshape a huge portion of the global economy. With the AI gold rush underway, the businesses that supply the picks and shovels required to harness the power of this cutting-edge tech stand to profit handsomely. Fellow chipmaker Nvidia (NASDAQ: NVDA) has garnered much of the headlines for its AI prowess.
Nvidia (NASDAQ: NVDA) dazzled the stock market on Wednesday, posting better-than-expected results in its first-quarter earnings report and offering eye-popping guidance for the second quarter. Here, Nvidia did not disappoint. Data center revenue rose 14% from the previous year and 18% from the previous quarter to a record $4.28 billion, and Nvidia's management forecast accelerating demand for AI capabilities.
The chipmaker has a bright future, but some experts worry it has fallen behind the competition in AI.
Server shipments are an important market for semiconductor companies, but the current forecast might spell trouble.
(Bloomberg) -- China’s decision to bar Micron Technology Inc.’s memory chips has escalated tensions with the US, fueling worries over what other technology firms Beijing may target. Most Read from BloombergBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultTraders Ready to Embrace Riskier Assets After Debt-Cap DealWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultManchin Gets Mountain Valley Pipeline Deal Into Debt BillP
(Bloomberg) -- Nvidia Corp. gave investors what they were looking for this week: concrete evidence that the surge in artificial intelligence is resulting in a sales boost. Nearly lost in the euphoria that the chipmaker set in motion, however, was a warning that not all are going to join in the feast.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years‘La
Make no mistake, Nvidia has captured the imagination of Wall Street.
We think all investors should try to buy and hold high quality multi-year winners. While not every stock performs well...
Shares of Advanced Micro Devices (NASDAQ: AMD) were rising this week as the chipmaker picked up some tailwinds from NVIDIA's (NASDAQ: NVDA) blowout guidance in its earnings report on Wednesday. As a result, the stock was up 13.7% for the week as of Thursday's close, according to data from S&P Global Market Intelligence. Nearly all of AMD's gains came on Thursday in response to NVIDIA's earnings report.
Nvidia (NASDAQ: NVDA) has been a massive winner thanks to the AI trend, but why are companies like Advanced Micro Devices (NASDAQ: AMD) not getting the same stock returns? Want to learn more about why Nvidia is leading the way? Check out the short video to learn more, consider subscribing, and click the special offer link below.
Yahoo Finance Live's Akiko Fujita and Seana Smith discuss Nvidia stock soaring amid the company's earnings report, other chip stocks, and AI development.
Advanced Micro Devices (AMD) launches its new Ryzen processors and Radeon graphics card, bolstering its product portfolio and customer base.
Shares of Nvidia ripped higher Thursday, as the company rides the AI wave.
Another subject that has been attracting quite a bit of attention in recent weeks and months is the current state of artificial intelligence (AI) and recent advancements in generative AI. With that as a backdrop, Advanced Micro Devices (NASDAQ: AMD) surged 10.1% and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) climbed 2.9%, while C3.ai (NYSE: AI) fell 2.1% as of 12:26 p.m. ET on Thursday. A check of all the usual suspects -- regulatory filings, earnings results, and changes to analysts' price targets -- turned up nothing in the way of company-specific news driving these AI stocks higher.
Nvidia cements its market darling status after a blowout quarter and outlook.
After years of soaring prices for graphics cards, driven by pandemic-era demand and a cryptocurrency bubble, affordability is making a comeback. Nvidia (NASDAQ: NVDA) will launch its $299 RTX 4060 in July, a discount to the $329 launch price of its last-gen RTX 3060, and Advanced Micro Devices (NASDAQ: AMD) has the $269 RX 7600 ready to go. Nvidia's pricier RTX 4060 Ti has been reviewed, and it edges out its last-gen counterpart in rasterization performance by about 10% overall, according to Tom's Hardware.
It wasn't too long ago that a shortage of graphics cards pushed prices into the stratosphere. Graphics cards are widely available, prices have come back down to earth, and Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) are duking it out on price. AMD unveiled the $269 RX 7600 graphics card on Wednesday, just one day before the product was set to go on sale.
Nvidia beat analysts' expectations in Q1 on the strength of its data center business.
SANTA CLARA, Calif., May 24, 2023 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) announced that Dan McNamara, Senior Vice President and General Manager, Server Business, will participate in a fireside chat at the Bank of America Global Technology Conference on Tuesday, June 6, 2023 at 2:20 PM EDT/11:20 AM PDT. A real-time video webcast of the fireside chat can be accessed on AMD’s Investor Relations website ir.amd.com. A replay of the webcast can be accessed after the conclusion of the live event
Artificial intelligence (AI) has triggered a frenzy among investors in 2023. Cathie Wood's Ark Investment Management, on the other hand, places that number at a whopping $200 trillion. Investors who believe in the future of AI might want to consider capturing that boom in their portfolios, but separating the quality opportunities from the hype isn't easy.
AMD Radeon RX 7600 Graphics Card AMD Radeon RX 7600 Graphics Card – New graphics card supercharges 1080p gaming at the suggested etail price (SEP) of $269 USD, delivering stunning visual fidelity and the next leap in performance compared to previous generation and the competitive offering – – Latest offering upgrades the gaming experience with higher quality AV1 encoding for premium streaming, accelerates AI and content creation application performance over previous generation, and delivers indu
These companies are leading the way in two high-growth areas of tech and likely to post substantial long-term gains.
Shares in luxury goods company LVMH declined on Wednesday as investors are concerned that a softening US economy will dampen demand.
The semiconductor industry continues to grow in importance. Semiconductor chips are at the center of consumers' most popular electronic devices, and they also power the cloud computing networks that businesses rely upon every day. As new, advanced technologies like artificial intelligence (AI) take center stage, the semiconductor industry will become even more critical to the broader economy.
—Number of supercomputers powered by AMD EPYC processors and AMD Instinct accelerators increases 29 percent YOY in latest Top500 list— —Seven of Top 10 in Green500 List Are Powered by AMD Processors — HAMBURG, Germany, May 23, 2023 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ: AMD) showcased its high performance computing (HPC) leadership at ISC High Performance 2023 and celebrated, along with key partners, its first year of breaking the exascale barrier. AMD EPYC™ processors and AMD Instinct™ acceler