- Advanced Micro Devices, Inc (NASDAQ:AMD) shares are trading lower Tuesday as it shared plans to showcase its growth strategy and expand product portfolio and capabilities for data center and AI at a June 13 livestream event.
- AMD Chair and CEO Dr. Lisa Su will join other AMD executives and key customers to detail new products and momentum across data center, AI, adaptive, and high-performance computing solutions.
- Recent reports claimed Microsoft Corp (NASDAQ: MSFT) denied a partnership with the chipmaker for its Athena artificial intelligence chip.
- Also, separate reports suggested that the U.S. sanctions compelled the Chinese firms, including Alibaba Group Holding Limited (NYSE: BABA) and peers, to execute their AI ambitions without the sophisticated American chips from AMD and Nvidia Corp (NASDAQ: NVDA).
- Nvidia shares gained close to 100% YTD, basking in the glory of the commercialization of ChatGPT. AMD shares have gained 48% YTD.
- Nvidia analysts projected sustained outsized data center growth driven by increasing industry adoption of AI workloads enhanced by generative AI workloads (i.e., ChatGPT, Bard).
- Price Action: AMD shares traded higher by 0.21% at $95.24 on the last check Tuesday.
Financial Times Report Says Manchester United Could Be Worth Only ~$1.6B vs $6B-$7B Asking Price
https://www.ft.com/content/b41bdc29-3a1f-4ff6-9872-f0625c505b46
