Reported 1 day ago
Vivek Arya, a senior semiconductor analyst at Bank of America Securities, expressed optimism about Advanced Micro Devices (AMD) amidst increased demand for computing, despite concerns about deal circularity in the AI sector. He highlighted OpenAI's rapid user growth and its need for significant computing power, which AMD is positioned to supply through partnerships with cloud service providers. Arya believes the AI sector will become diverse, encompassing various ecosystems, with AMD and other semiconductor companies benefiting from this growth.
Source: YAHOO