AMD to Cut Jobs. The Stock Is Dropping.
Advanced Micro Devices stock was down Wednesday following a report that said the chipmaking company plans on cutting 4% of its global workforce. AMD said on Wednesday that it’s cutting jobs to align its resources with its largest growth opportunities ...
AMD to lay off 4% of workforce, or about 1,000 employees
The company has said AI represents one of its largest growth opportunities. AMD stock is down 5% in 2024 while Nvidia shares are up 200%, making it the most valuable publicly traded company in the world. AMD produces powerful AI accelerators for data ...
AMD to cut 4% of global workforce as it focuses on AI chip development
Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia .
AMD Says It’s Laying Off 4 Percent Of Workforce Amid AI Chip Push
AMD confirmed to CRN that it’s laying off roughly 4 percent of its workforce to focus on its ‘largest growth opportunities,’ which includes its effort to challenge Nvidia.
Major Layoffs Hit AMD, With Up to 1,000 Employees Potentially Impacted
AMD has seen a 69% decline in its gaming division and hasn't made nearly as many gains in the AI chip sector as rival US chip giant Nvidia.
AMD lays off 4 percent of its global workforce
AMD has confirmed it’s laying off roughly four percent of its global workforce, according to reports by TechCrunch and others. It’s not entirely clear how many people will be impacted by this move, or which divisions the laid off employees will be pulled from.
AMD cutting almost 1,000 jobs to focus resources on AI push
The move follows other cutbacks among longtime Silicon Valley companies. Cisco Systems Inc. is eliminating more than 6,000 positions, and Intel is cutting about 15% of its workforce of more than
AMD is firing 4% of its global workforce as it realigns in likely pursuit of all those AI dollars
AMD was approached about the reports and confirmed that 4% of the global workforce was being let go. The company said the layoffs were due to "aligning our resources with our larg
Where Will AMD Stock Be in 5 Years?
The chipmaker has delivered solid gains in the past five years, and a closer look at its prospects indicates more possible ...
AMD Can’t Escape Nvidia’s Shadow. Wall Street Calls for Patience.
Wall Street bulls advise investors to put aside the hopes it can compete with Nvidia for now. AMD stock was down 9.5% at $150 ...
AMD's stock falls as the revenue outlook was on the downbeat side
AMD’s stock dropped 5% in recent after-hours trading, after the chip maker just matched profit expectations and provided a slightly downbeat revenue outlook. Net income more than doubled, to $771 ...
AMD Elliott Wave calling the decline after zig zag pattern
The stock made decline after completing B red bounce as Elliott Wave Zig Zag pattern at 169.31 peak. We got a break down ...
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Where Will AMD Stock Be in 2025?
A weaker-than-expected guidance didn't help matters either, as AMD stock tumbled over 10% following the release of its earnings. However, a closer look at AMD's quarterly report indicates that ...
AMD Q3 Preview: Status Of The Cycle
AMD is set for a strong Q3, bolstered by TSM’s impressive earnings in key segments. See how AMD stock may reflect this growth ...
Trying to get the AMD Ryzen 7 9800X3D CPU? It seems only scalpers have it and they’re jacking up the price
Trying to get ahold of the AMD Ryzen 7 9800X3D, one of the best processors on the market right now? Good luck, since it’s ...