What's Going On With AMD Stock Today?
Portfolio Pulse from Erica Kollmann
AMD shares are trading higher as the company announces its 'Advancing AI 2024' event, showcasing new AI technologies. CEO Dr. Lisa Su highlighted AMD's AI roadmap at a recent conference, noting significant growth in data center revenues. Despite the positive news, AMD shares are down 2.57%.
September 10, 2024 | 5:46 pm
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AMD announced its 'Advancing AI 2024' event, showcasing new AI technologies, including next-gen accelerators and processors. CEO Dr. Lisa Su highlighted AMD's AI roadmap and strong data center revenue growth. Despite positive news, shares are down 2.57%.
The announcement of the 'Advancing AI 2024' event and the showcasing of new AI technologies are positive developments for AMD, indicating strong future growth potential in AI. The CEO's comments on the AI roadmap and significant revenue growth in data centers further support a positive outlook. However, the current share price drop may be due to broader market conditions or profit-taking.
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