Advanced Micro Devices to lay off roughly 1,000 workers, 4% of global workforce
Advanced Micro Devices said Wednesday roughly 4% of approximately 26,000 employees worldwide will be laid off. About 1,000 AMD workers will lose their jobs.
Advanced Micro Devices to Cut Global Headcount by 4%
Advanced Micro Devices is reducing its global workforce by 4% after reporting that most of the growth it sees comes from its AI chips and other products for data centers. Shares fell 2.2% to $140.44 in midday trading.
Is Advanced Micro Devices a Millionaire-Maker Stock?
With shares down by a whopping 32% from their all-time high of $211 in March, Advanced Micro Devices ( AMD 1.97%) is rapidly falling out of favor despite its direct exposure to the industry through data center hardware sales. Let's dig deeper into the company's pros and cons to decide if it still has millionaire-maker potential over the long term.
Three Stocks: Shopify, Advanced Micro Devices, and NIO
The Chinese electric vehicle manufacturer had been experiencing sideways trading due to investor hesitancy, exacerbated today by the appointment of known "China Hawks" Senator Marco Rubio as Secretary of State and Rep. Mike Waltz as NSA.
AMD is laying off 4 percent of its global workforce as it sharpens focus on AI
AMD on Wednesday said that it would reduce its global workforce by 4% in a bid to focus on its main future growth opportunities. As a result of the decision, the company will have to lay off around 1,
Advanced Micro Devices, Inc. (NASDAQ:AMD): Among the Best Metaverse Stocks To Buy According to Hedge Funds
We recently compiled a list of the 10 Best Metaverse Stocks To Buy According to Hedge Funds. In this article, we are going to ...
Sweeping layoff by Nvidia rival AMD includes dozens at Bay Area headquarters
Advanced Micro Devices, or AMD, is laying off 4% of the company in a slash that will hit at least 129 Bay Area workers. The ...
This Is the Biggest Threat to Nvidia's Artificial Intelligence (AI) Dominance That Virtually No One Is Talking About
Nvidia's operating expansion has been textbook, which includes a monopoly-like share of the graphics processing units (GPUs) ...
Advanced Micro Devices, Inc. (AMD) Restructures to Sharpen Focus on AI and Data Center
We recently published a list of 15 Trending AI Stocks on Latest News and Analyst Ratings. In this article, we are going to ...
AMD to cut about 1,000 jobs, 4% of staff, so it can double down on AI opportunity
AMD’s struggles to overhaul Nvidia are evident in the price of its shares. While its stock is down 5% in the year to date, ...
Advanced Micro Devices Inc. stock rises Wednesday, still underperforms market
This was the stock's second consecutive day of gains.
Advanced Micro Devices Inc. (AMD): An AI Stock Grabbing Investor Attention
We recently compiled a list of the 15 AI News and Ratings Grabbing Investor Attention. In this article, we are going to take ...
Morningstar3d
Advanced Micro Devices Inc
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Advanced Micro Devices, Inc. (AMD) Ryzen 7 9800X3D CPU Faces Stock Shortages in UK and US, Retailers Cite High Demand and Delayed Restocks
We recently compiled a list of the 14 AI News You Should Pay Attention To. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI ...