AMD to Cut 4% of Global Workforce as It Focuses on AI Chip Development
The logo of semiconductor company Advanced Micro Devices Inc (AMD) is seen on a graphics processing unit (GPU) chip in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo (Reuters) - Advanced Micro Devices is laying off 4% of its global workforce,
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The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
AMD confirmed to CRN that it’s laying off roughly 4 percent of its workforce to focus on its ‘largest growth opportunities,’ ...
AMD stock has risen on expectations for continued market share gains in processors for PCs and servers. AMD also is an AI ...
AMD (NASDAQ: AMD) hopes that demand for artificial intelligence overcomes lackluster growth in its other segments. Read More: ...
AMD’s recent earnings result showed strong potential for its Data Center business and its AI chips. Read why AMD stock is a ...
This outlook has weighed on AMD’s stock, which has declined by 13.6% since the earnings release. An AMD spokesperson ...
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However, a closer look at AMD's quarterly report indicates that the sell-off could be overdone. This could be an opportunity ...
Advanced Micro Devices' AI accelerator performance is strong, but struggles to compete with Nvidia in the market and on ...
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