AMD Watch posted an update
AMD shares rose more than 3% in after-hours trading as Nvidia shares fell 9%, amid reports of leadership uncertainty at the AI-chip giant, Bloomberg reports via Yahoo Finance UK. Broadcom also gained more than 3%, while Alphabet rose 0.3%.
Why it mattersInvestors are betting that customers could look beyond Nvidia for AI accelerators and related hardware. That is a market reaction, not evidence that customers have shifted orders or that AMD has won new business. Moving workloads away from Nvidia can take time and money, Bloomberg notes.
Discuss: Is this a meaningful opening for AMD, or just a bet made in a volatile moment?
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