AMD Launches New AI Chip, But Wall Street Reaction Falls Flat

Reported about 6 hours ago

Advanced Micro Devices (AMD) unveiled its new Instinct MI325X AI chip during the Advancing AI 2024 conference, aiming to begin production by the end of 2024 and promoting its capabilities over competitors. However, AMD's stock dropped by 5% on the day of the announcement, indicating a lackluster response from Wall Street experts.

Source: YAHOO

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