AMD hopes to generate about $400 million in sales from its graphics processing units for AI workloads in the fourth quarter2023, which will result in a rise to $2 billion in fiscal 2024.
All four AMD major segments increased in the last quarter, contributing to the high revenue.
Wall Street remains jittery as bond yield continues to drag the tech stocks to the south. On the other hand, the fears of a potential US debt default weigh around.
ConsenSys and AMD raised $20 million to fund W3BCLOUD, a startup working to provide a reliable infrastructure for the growing blockchain ecosystem.
AMD revenue jumped 50% to $2.13 billion in Q4, which is higher than analysts’ estimates of $2.11 billion. However, the Q1 revenue estimate is rather disappointing.
There are a few stocks that deeply divide Wall Street analysts’ opinions. Perhaps unsurprisingly, far and away the most controversial is Elon Musk’s electric automaker, Tesla.
Alphabet’s Google unveiled its new cloud-based video-game playing and sharing platform, Stadia, at the Game Developers Conference in San Francisco on Tuesday afternoon.
Investment management company Invesco based in the United States has launched the first blockchain exchange-traded fund (ETF) on the London Stock Exchange.