- 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.
Google Announces Expansion Of AI Partnership With Anthropic
Partnership includes important new collaborations on AI safety standards, committing to the highest standards of AI security, and use of TPU v5e accelerators for AI inference SAN FRANCISCO and SUNNYVALE, Calif.,
