AMD's AI Progress Outshines Bear Market Rally and Q1 Earnings
TL;DR Summary
Traders seeking evidence of progress toward artificial intelligence (AI) are turning to chipmakers like Advanced Micro Devices (AMD) and Nvidia. AMD's stock jumped 6.1% after news it's working with Microsoft on technology for AI workloads to rival those from Nvidia. However, in the absence of new developments, market watchers are turning their gaze to a more immediate issue - weak demand for personal computers and smartphones.
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