AMD Stock Jumps 6% as AI Market Opportunity Seen at $3T
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2 Articles
The shares of Advanced Micro Devices went up after the company stated that its total addressable market could reach $3 trillion by 2030. At around 2:00 p.m. this Tuesday (8), the papers advanced 7%. The shares of the company more than doubled in value this year. Exclusive material for subscribers. To have full access, access the link of the subject and register.
AMD stock jumps 6% as AI market opportunity seen at $3T
AMD stock surged 6% on Tuesday after Advanced Micro Devices said its total addressable market could reach $3 trillion by 2030, up from its previous estimate of roughly $2 trillion. Shares rose 6.45% to $508.38, bringing their gains for the year to more than 120%. The revised market opportunity reflects rising demand for graphics processing units (GPUs), central processing units (CPUs) and AI-enabled PCs, according to Chief Financial Officer Jean…
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