AMD Rallies on Meta AI Deal
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The chipmaker inked a deal with OpenAI in October that could see the startup take a 10% stake in AMD. OpenAI will deploy 6 gigawatts of AMD's Instinct graphics processing units over multiple years beginning with an initial 1-gigawatt rollout of chips in the second half of 2026, the companies said.
Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) has been advancing its AI chip offerings, including the Instinct MI450 series accelerators set for deployment with OpenAI starting in the second half of 2026.
The market didn't appreciate AMD's latest quarterly results.
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AMD-Meta deal improves visibility into AMD's earnings targets, says Loop Capital's Gary Mobley
Loop Capital’s Gary Mobley and Futurum’s Daniel Newman join 'The Exchange' to discuss the recent deal between AMD and Meta.
When AMD reports earnings Tuesday, investors will be looking far beyond the latest quarter for clues about the MI450 series AMD's stock rose 58% in October alone. Wall Street is seemingly confident that Advanced Micro Devices Inc. will deliver upbeat third ...
This underlying investment premise for AMD remains unchanged despite the company's light Q1 guidance.
Advanced Micro Devices reported fourth-quarter earnings on Tuesday that topped expectations and provided a stronger-than-expected forecast.
AMD (Nasdaq: AMD) shares are under pressure in after-hours trading. The good news is that AMD’s earnings were pretty good. The company beat EPS last quarter ($1.20 vs Wall Street’s estimate of $1.17) and forecasted strong growth next quarter.