AMD Nov 2024 190.000 put
| Previous Close | 28.97 |
| Open | 28.12 |
| Bid | 24.60 |
| Ask | 24.80 |
| Strike | 190.00 |
| Expire Date | 2024-11-15 |
| Day's Range | 25.25 - 28.40 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 507 |
- Yahoo Finance Video
AMD debuts new AI chip to lackluster Wall Street enthusiasm
Advanced Micro Devices (AMD) presented its new Instinct MI325X AI chip at its Advancing AI 2024 conference on Thursday, the semiconductor manufacturer planning to begin production by the end of 2024 and already promoting the GPU (graphics processing unit) to "exceed some of the capabilities of its rival." In Thursday's session, AMD stock fell by 5% despite this grand unveil. Morning Brief hosts Seana Smith and Brad Smith dissect why AMD's AI chip presentation failed to impress Wall Street yesterday. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Why Wall Street wasn't excited by AMD's new AI chip
Advanced Micro Devices (AMD) showcased its new Instinct MI325X AI chip at its Advancing AI 2024 conference. Scheduled to begin production by the end of this year, AMD is already positioning the Instinct MI325X to "exceed some of the capabilities of its rival," like Nvidia (NVDA). AMD stock ended the trading day 4% lower despite this news. Moor Insights & Strategy Founder, CEO, and chief analyst Patrick Moorhead comes on Market Domination to expand more on AMD's announcements. "The company did come out with some pretty exceptional announcements, and whether that's data center GPU (graphics processing unit), data center CPU (central processing unit), and something that nobody is talking about is they entered a brand new market, and that was a new networking chip for back-end networks to connect all of those GPUs together," Moorhead says. He outlines how AMD was expecting to draw in more new customers from these offerings, commenting that "they have no new [CPU] customers they can get because they have all new customers." Ahead of speaking with AMD CEO Lisa Su, Moorhead ponders over what is still setting Nvidia apart from AMD in data center CPU category: "Typically, it's not best product wins, it's sales, it's enterprise marketing. And AMD, up to this point, has not made the major investments in that space to make to be the difference maker." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
Barrons.comThese Stocks Are Moving the Most Today: Tesla, Uber, JPMorgan, Wells Fargo, BlackRock, Fastenal, Affirm, and More
Tesla stock falls sharply after its robotaxi event late Thursday, Uber stock surges, and earnings from JPMorgan Chase and Wells Fargo top analysts’ estimates and send the shares higher.
