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Why Advanced Micro Devices Surged Nearly 12% This Week

The company reported earnings largely in-line, but it was really the commentary on its new AI chip, the MI300, that lifted shares. ....

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China-backed Picocom takes on Intel in small cells

China-backed Picocom takes on Intel in small cells
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AMD forecasts $2 billion sales of AI chips, helping shares rebound, ET Telecom

Shares of the Santa Clara, California-based company fell as much as 4.6% in after-market trading but turned roughly flat after executives disclosed on a conference call the outlook for its chip to compete with Nvidia. AMD is readying a chip called the MI300X it hopes will loosen Nvidia s grip on the market for data center AI chips used to create technologies similar to ChatGPT. ....

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