Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»What’s Going On With AMD Stock Monday
Finance

What’s Going On With AMD Stock Monday

May 9, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
What's Going On With AMD Stock Monday
Share
Facebook Twitter LinkedIn Pinterest Email
  • Superior Micro Units, Inc (NASDAQ: AMD) shares gained on Monday as experiences claimed Microsoft Corp (NASDAQ: MSFT) denied a partnership with the chipmaker for its Athena synthetic intelligence chip.

  • Reportedly, Frank Shaw, a Microsoft spokesman, denied that AMD is a part of Athena. “AMD is a superb accomplice,” he mentioned. “Nonetheless, they aren’t concerned in Athena.”

  • Additionally, separate experiences recommended that U.S. sanctions compelled the Chinese language companies, together with Alibaba Group Holding Restricted (NASDAQ: BABA), Baidu, Inc (NASDAQ: BIDU) Huawei Applied sciences Co, Ltd to execute their AI ambitions with out the subtle American chips from AMD and Nvidia Corp (NASDAQ: NVDA).

  • However the transfer entails very excessive prices, with specialists reserving their doubts over the success of such motion.

  • Final week AMD reported its upbeat first-quarter earnings, adopted by weaker steering that sparked a sell-off this week.

  • AMD’s first-quarter income got here in at $5.35 billion, down 9% year-on-year, beating the consensus of $5.3 billion. The adjusted EPS of $0.60, down 47% Y/Y, beat the consensus of $0.56.

  • The inventory has gained 47% YTD.

  • Worth Motion: AMD shares traded increased by 5.91% at $95.15 on the final examine Monday.

  • Picture by cebbi from Pixabay

Do not miss real-time alerts in your shares – be a part of Benzinga Professional without spending a dime! Strive the instrument that may assist you make investments smarter, quicker, and higher.

This text What’s Going On With AMD Inventory Monday initially appeared on Benzinga.com

.

© 2023 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

Source link

AMD Monday stock whats
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

China’s EV price war is heating up. What’s behind the big discounts?

May 29, 2025

What’s Fueling the SOL Price Boom?

May 29, 2025

GM to invest $888 million for engine production at New York facility

May 29, 2025

Goldman-backed Starling Bank profit drops amid Covid loan issue

May 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

China’s EV price war is heating up. What’s behind the big discounts?

May 29, 2025

Woman, Instagram friend die by suicide in Karnataka’s Udupi: police | Bangalore News

May 29, 2025

Viksit Bharat not defined by Indian economy’s ranking; incomes have to increase 8 times: VP Jagdeep Dhankhar | India News

May 29, 2025

8 animals that ‘hibernate’ in the summer | Pets-animals News

May 29, 2025
Popular Post

How JPMorgan’s Dimon won the First Republic deal

FTX says investigating ‘unauthorized transactions’

Rocky Mountain National Park to move to cashless fee collection

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.