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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.
AMD cutting almost 1,000 jobs to focus resources on AI push
The move follows other cutbacks among longtime Silicon Valley companies. Cisco Systems Inc. is eliminating more than 6,000 positions, and Intel is cutting about 15% of its workforce of more than
Business Insider
1d
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 ...
24/7 Wall St
11h
Advanced Micro Devices Inc. (AMD) Price Prediction and Forecast 2025-2030
According to PC Gamer, “The AMD Ryzen 7 7800X3D is simply the best gaming CPU around right now. It’s certainly the best ...
20h
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.
Hosted on MSN
1d
Where Will AMD Stock Be in 5 Years?
So,
AMD
's client processor business should ideally be able to sustain its healthy growth levels going forward and contribute to the company's robust bottom-line growth. Strong earnings growth could ...
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 ...
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,’ ...
4h
The New AMD Ryzen 7 9800X3D Is the Best Gaming CPU, and It's Finally Back in Stock at Amazon
The AMD Ryzen 7 9800X3D is the best gaming processor currently on the market and a much better option than the new Intel Core ...
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 ...
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 ...
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Advanced Micro Devices
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