AMD stock share price: AMD share price down as Advanced Micro Devices Inc to outline big AI-chip plan at analyst day event
AMD share price went down in pre-market on Tuesday. This comes Advanced Micro Devices is expected to outline the company’s plans for its artificial intelligence chip and systems businesses at a financial analyst day at the Nasdaq in New York. AMD stock is down by 0.28 per cent. Advanced Micro Devices Inc shares closed in green on Monday.
The chip designer has been attempting to expand its AI business as rival Nvidia gobbles up market share for data center chips as the market explodes. AMD has been successful in the central processor (CPU) business, steadily taking share against Intel.
The company’s next-generation MI400 series of AI chips is set to launch in 2026 and include several variants designed for scientific applications and for…
