Tag: amd
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AMD looks to raise $4 billion to $5 billion in debt offering, source says
Aug 13 : Advanced Micro Devices on Thursday launched a four-part debt offering that could raise between $4 billion and $5 billion, according to terms reviewed by Reuters, as the chipmaker looks to fund general corporate purposes and potentially repay existing debt.The offering includes senior unsecured notes
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AMD deepens AI inference bet with Taalas deal as chip race heats up
Aug 6 : Advanced Micro Devices said on Thursday it would buy chip startup Taalas for an undisclosed amount, strengthening its technology as it taps into the rapidly growing market for AI inference workloads.Toronto-based Taalas develops specialized silicon designed to reduce computing and memory bottlenecks i
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AMD falls as investors demand bigger AI payoff
Aug 5 : Advanced Micro Devices shares tumbled on Wednesday as the chipmaker’s revenue forecast failed to impress investors seeking clearer signs that a multibillion-dollar AI spending boom will translate into faster growth.Shares were last down 6.6 per cent at $482.53, set to erase close to $59 billion from t
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AMD falls as investors seek bigger AI payoff
Aug 5 : Advanced Micro Devices shares declined before the bell on Wednesday as the chipmaker’s stronger-than-expected revenue forecast fell short of lofty expectations and investors sought clearer signs that a multibillion-dollar AI spending boom will translate into faster growth.The shares were last down 7.4
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AMD’s AI-powered revenue forecast fails to wow investors
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Yet, its shares fell nearly 9 per cent in extended trading, suggesting that investors were looking for an even stronger ou
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AMD forecasts upbeat revenue on strong AI chip demand, but shares fall on lofty expectations
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Yet, its shares fell more than 7 per cent in extended trading, suggesting that investors were looking for an even stronger
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AMD forecasts revenue above estimates on AI chip demand, but shares fall
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Shares of the Santa Clara, California-based company, however, fell over 8 per cent in extended trading.The company
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AMD signs AI data center deal with Core Scientific
July 28 : AMD on Tuesday signed a deal with Core Scientific to secure up to 2.5 gigawatts of data center capacity as the chip firm expands infrastructure to meet growing demand for AI computing.Shares of Core Scientific jumped 6 per cent in premarket trading, while AMD’s stock was down 4 per cent, tracking ot
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Core Scientific signs AI infrastructure deal with AMD
July 28 : Core Scientific signed a deal with AMD, under which the chip firm will secure up to 2.5 gigawatts of data center capacity to support customer deployments of its AI systems, the companies said on Tuesday. Shares of Core Scientific rose 4 per cent in premarket trading. Demand for electricity, l
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AMD expected to launch next generation of AI infrastructure to challenge Nvidia
SAN FRANCISCO, July 23 : Advanced Micro Devices is set to launch a raft of AI hardware that will rival Nvidia on Thursday at an event at a downtown convention center in San Francisco.AMD is attempting to capture market share from Nvidia in the fast-growing data center chip sector, especially for so-called inf
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