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 lay off 4% of workforce, or about 1,000 employees
The company has said AI represents one of its largest growth opportunities. AMD stock is down 5% in 2024 while Nvidia shares are up 200%, making it the most valuable publicly traded company in the world. AMD produces powerful AI accelerators for data ...
17hon MSN
The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
AMD confirmed to CRN that it’s laying off roughly 4 percent of its workforce to focus on its ‘largest growth opportunities,’ ...
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.
AMD stock has risen on expectations for continued market share gains in processors for PCs and servers. AMD also is an AI ...
AMD’s recent earnings result showed strong potential for its Data Center business and its AI chips. Read why AMD stock is a ...
AMD (NASDAQ: AMD) hopes that demand for artificial intelligence overcomes lackluster growth in its other segments. Read More: ...
Despite AMD’s phenomenal turnaround over the past decade, not everything has been smooth sailing and concern-free.
Advanced Micro Devices' AI accelerator performance is strong, but struggles to compete with Nvidia in the market and on ...
7don MSN
However, a closer look at AMD's quarterly report indicates that the sell-off could be overdone. This could be an opportunity ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback