Economic News

In the earnings season for U.S. companies, focus is on five key areas

AMD has launched its latest AI chips and CPUs, aiming to challenge Nvidia and Intel's market share

2024/10/11

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Chipmaker AMD announced its latest AI chip on the 10th, directly challenging Nvidia's dominance in the graphics processing unit (GPU) sector. However, AMD's stock price fell 4% on the same day, reflecting investor disappointment over the lack of anticipated information regarding customers or financial performance.

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AMD's stock closed at $164.18 per share on the 10th, marking its largest single-day drop since September 3, despite an 11% rise this year. In contrast, Nvidia's stock increased by 1.63% to $134.81 per share on the same day.

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