AMD shares are trading higher following a DigiTimes alert titled "Cloud Service Providers Looking At AMD's LLM Chip As Alternative To Nvidia's, Say Sources."
Portfolio Pulse from Benzinga Newsdesk
AMD shares are trading higher after a DigiTimes alert indicated that cloud service providers are considering AMD's LLM chip as an alternative to Nvidia's.
July 19, 2023 | 1:05 pm
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POSITIVE IMPACT
AMD's stock is trading higher as cloud service providers are considering their LLM chip as an alternative to Nvidia's.
The news that cloud service providers are considering AMD's LLM chip as an alternative to Nvidia's is positive for AMD. This could potentially increase the demand for AMD's chips, leading to increased revenues and a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100