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AMD to Cut Jobs. Stock Is Dropping.
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
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.
Chipmaker giant AMD to cut 1,000 jobs as it battles Nvidia
Computer chipmaker AMD is laying off around 1,000 employees, or around 4% of its workforce, becoming the latest Silicon Valley tech giant to slash expenses. The Santa Clara-based company said it is “aligning our resources with our largest growth opportunities.
Business Insider
23h
AMD vs INTC vs TSM: Will These Chipmakers Rally as High as NVDA?
While
AMD
is unlikely to reach the heights we’ve seen at Nvidia, the
stock
could see further supportive trends over the ...
1d
on MSN
Where Will AMD Stock Be in 5 Years?
The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
13h
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.
22h
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 ...
6h
on MSN
Better Artificial Intelligence Stock: Nvidia vs. AMD
Plenty of tech companies are all-in on artificial intelligence, but perhaps two of the most prominent players in AI's growth ...
CRN
1d
AMD Says It’s Laying Off 4 Percent Of Workforce Amid AI Chip Push
AMD confirmed to CRN that it’s laying off roughly 4 percent of its workforce to focus on its ‘largest growth opportunities,’ ...
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 ...
The Financial Express
5h
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 ...
8d
on MSN
Where Will AMD Stock Be in 2025?
However, a closer look at AMD's quarterly report indicates that the sell-off could be overdone. This could be an opportunity ...
2d
AMD: Recent Correction Provides New Opportunity
AMD’s recent earnings result showed strong potential for its Data Center business and its AI chips. Read why AMD stock is a ...
Investor's Business Daily on MSN
2h
As AMD Struggles, Bearish Option Trade Could Return 11% In About 5 Weeks
AMD dropped 3% Wednesday and is below declining 21-, 50- and 200-day moving averages. I’m willing to bet that upside will be ...
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