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AMD to Cut Jobs. Stock Is Dropping.
Chipmaker giant AMD to cut 1,000 jobs as it battles Nvidia
AMD
’s
stock
was down around 3% on Wednesday and is mostly unchanged this year. In contrast, its biggest rival
Nvidia
’s
stock
has more than tripled. There were also layoffs at smaller Bay Area companies. Online education company Chegg is laying off 319 ...
AMD to cut about 1,000 jobs, 4% of staff, so it can double down on AI opportunity
AMD’s struggles to overhaul Nvidia are evident in the price of its shares. While its stock is down 5% in the year to date, shares of Nvidia are up more than 200%, and it has become one of the top three most valuable publicly-traded companies in the world.
AMD to Cut Jobs. The Stock Is Dropping.
Barron’s has reached out to AMD for comment. Shares of AMD were down 2.1% Wednesday to $140.66, while the Nasdaq was up 0.4%. The stock has dropped 4.54% this year, compared wit
7h
on MSN
Better Artificial Intelligence Stock: Nvidia vs. AMD
Additionally, Nvidia's stock is technically cheaper than AMD's. While not inexpensive, Nvidia's shares have a ...
14h
AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up
AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.
1d
AMD lays off 4% of its workforce
AMD has confirmed that it’s laying off 4% of its workforce to focus on “large growth opportunities.” It’s unclear how many ...
7d
on MSN
Could AMD Stock Be the Next Nvidia Stock?
Nvidia's (NASDAQ: NVDA) returns have trounced AMD's (NASDAQ: AMD), and AMD shareholders are hoping for a reversal of that ...
6h
AMD Will Lay Off 4% of Its Global Employees to Focus on AI Chips
Advanced Micro Devices (AMD) has announced plans to lay off 4% of its global workforce, impacting roughly 1,000 employees.
1d
AMD: Lagging AI Growth Shouldn't Last
Advanced Micro Devices, Inc. is still working to tap into the big AI chip opportunity. Click here to read why AMD stock is a ...
6d
on MSN
AMD Stock Falls After Earnings: 3 Reasons to Buy the Stock Right Now
If you look at the
stock
's price-to-earnings (P/E) multiple of more than 100, it looks expensive. But based on analyst ...
The Financial Express
6h
AMD to lay off 4% of workforce amid push for AI chip development
Analysts are optimistic about AMD’s future in the AI space, with predictions that the company’s data center revenue could ...
2d
Why The Market Doesn't Care About AMD's AI Revenue
Advanced Micro Devices' AI accelerator performance is strong, but struggles to compete with Nvidia in the market and on ...
10d
on MSN
Nvidia Stock Is Up 173% in 2024, but Here's Another Super Semiconductor Stock to Buy Hand Over Fist, According to Wall Street
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium ...
21h
Nvidia stock has 25% upside as it approaches an iPhone moment with its Blackwell chip, analyst says
"Even with a decelerating growth rate on huge numbers, Nvidia's CY2025 PEG ratio stands at about 0.8x on our estimates. This ...
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