Tag: $Advanced Micro Devices

Fermi Inc. has signed a credit support agreement with Advanced Micro Devices to back a lease for the first phase of Fermi’s Project Matador, an energy and AI development in Carson County, Texas, with 222 megawatts of gross power capacity.

AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday.

Advanced Micro Devices said Monday that it’s agreed to acquire World Labs, the San Francisco-based AI lab founded by industry pioneer Fei-Fei Li, for $8.2 billion. The chipmaker, which previously invested in World Labs, said it’s paying for the startup in stock.

Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with the White House.

Advanced Micro Devices reported quarterly earnings on Tuesday that missed estimates. The stock slid about 5% in extended trading.

AMD
reported a revenue decline of 18% in its fiscal second-quarter earnings report on Tuesday, but still topped estimates for sales and profit.

Advanced Micro Devices big chip launch may have left investors feeling uninspired but Wall Street was more enthusiastic and still thinks the semiconductor company can challenge Nvidia and be an AI winner.

Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters

Advanced Micro Devices on Tuesday is expected to reveal new details about an AI “superchip” that analysts believe will be a strong challenger to Nvidia Corp, whose chips dominate the fast-growing artificial intelligence market.