AMD's Rollercoaster Ride: Stock Fluctuations and AI Progress
TL;DR Summary
AMD shares are up after reports that the chipmaker is working with Microsoft on an AI processor alternative to Nvidia. Microsoft is helping fund AMD's AI ambition after AMD CEO Lisa Su shared its "big bet" on the generative AI boom. This week, AMD reported upbeat Q1 earnings but weaker guidance that sparked a sell-off. Nvidia shares have gained over 96% YTD, while AMD gained just over 37%. AMD shares traded higher by 2.01% at $88.36 on the last check Friday.
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