Reported about 11 hours ago
Advanced Micro Devices (AMD) is bolstering its position in the semiconductor industry with the acquisition of the Untether AI team, which specializes in high-performance AI chips. This strategic move, coupled with previous acquisitions, enhances AMD's capabilities in enterprise data centers and edge computing. Despite a recent stock surge and strong Q1 earnings, AMD faces challenges such as export restrictions to China, which could impact future revenues. Analysts maintain a 'Moderate Buy' consensus on AMD stock, with a potential upside driven by robust earnings expectations.
Source: YAHOO