- Advanced Micro Devices, Inc (NASDAQ:AMD) shares are trading higher Wednesday. The positive movement could also be in sympathy with peer chipmakers, as a lot is brewing in the space.
- Peer chipmaker NVIDIA Corp (NASDAQ:NVDA) is also trading higher on reports of additional orders for AI chips that require Taiwan Semiconductor Manufacturing Company Ltd’s (NYSE:TSM) CoWoS (chip on wafer on substrate) packaging. A
- lso, reports suggest that Nvidia might launch its GeForce RTX 4060-series graphics cards in May. Nvidia wants its partners to start selling GeForce RTX 4060 Ti 8GB model on May 24, 2023.
- Intel Corp (NASDAQ: INTC) is trading higher Wednesday on reports of a green signal from the EU over the Activision Blizzard, Inc (NASDAQ:ATVI) deal by May 15 after it inked deals with Nvidia, Ukraine’s Boosteroid and Japan’s Ubitus.
- AMD also shared plans to showcase its growth strategy and expand its 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 in the June 13 event.
- Price Action: AMD shares traded higher by 3.01% at $97.95 on the last check Wednesday.
Nio Stock Is Trading Higher: What’s Going On?
NIO Inc (NYSE: NIO) shares are trading higher Monday after the EV maker provided a delivery update for the second quarter and June.
