AMD Nov 2024 250.000 put
| Previous close | 70.45 |
| Open | 70.45 |
| Bid | 114.95 |
| Ask | 116.00 |
| Strike | 250.00 |
| Expiry date | 2024-11-15 |
| Day's range | 70.45 - 70.45 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Why Wall Street wasn't excited by AMD's new AI chip
Advanced Micro Devices (AMD) showcased its new Instinct MI325X AI chip at its Advancing AI 2024 conference. Scheduled to begin production by the end of this year, AMD is already positioning the Instinct MI325X to "exceed some of the capabilities of its rival," like Nvidia (NVDA). AMD stock ended the trading day 4% lower despite this news. Moor Insights & Strategy Founder, CEO, and chief analyst Patrick Moorhead comes on Market Domination to expand more on AMD's announcements. "The company did come out with some pretty exceptional announcements, and whether that's data center GPU (graphics processing unit), data center CPU (central processing unit), and something that nobody is talking about is they entered a brand new market, and that was a new networking chip for back-end networks to connect all of those GPUs together," Moorhead says. He outlines how AMD was expecting to draw in more new customers from these offerings, commenting that "they have no new [CPU] customers they can get because they have all new customers." Ahead of speaking with AMD CEO Lisa Su, Moorhead ponders over what is still setting Nvidia apart from AMD in data center CPU category: "Typically, it's not best product wins, it's sales, it's enterprise marketing. And AMD, up to this point, has not made the major investments in that space to make to be the difference maker." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
BloombergAMD Shares Slide as Investors Wait for Signs of AI Payoff
(Bloomberg) -- Advanced Micro Devices Inc. suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence chips but didn’t provide hoped-for information on customers or financial performance.Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilUrban Heat Stress Is Another Disparity in the W
Barrons.comAMD Stock Tumbles After Unveiling New AI Chip. It Might Not Beat Nvidia’s Blackwell.
Advanced Micro Devices is getting more optimistic about the long-term market size potential for artificial intelligence chips.
