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 ...
Investor's Business Daily on MSN3h
As AMD Struggles, Bearish Option Trade Could Return 11% In About 5 Weeks
AMD dropped 3% Wednesday and is below declining 21-, 50- and 200-day moving averages. I’m willing to bet that upside will be ...
Network World5h
AMD to cut 4% of workforce to prioritize AI chip expansion and rival Nvidia
Advanced Micro Devices (AMD) is laying off 4% of its global workforce, around 1,000 employees, as it pivots resources to ...
The Financial Express6h
AMD to lay off 4% of workforce amid push for AI chip development
Analysts are optimistic about AMD’s future in the AI space, with predictions that the company’s data center revenue could ...
SK Hynix Shares Retreat, Tracking U.S. Chip Stocks' Declines
SK Hynix's retreat followed a poor performance by U.S. chip stocks. Advanced Micro Devices and Micron Technology each fell more than 4% on Wednesday, while AI chip giant Nvidia shed 2%.
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
Revenue in AMD's data center segment, which houses its AI graphics processors, jumped more than two-fold in the September quarter. On the other hand, the personal computer segment grew 29%, while ...
Guru3D.com8h
AMD Reduces Workforce by 4%
Advanced Micro Devices, Inc. (AMD), a leading semiconductor manufacturer, has announced the elimination of approximately 1,000 jobs, representing a 4% reduction in its global workforce. This strategic ...
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, ...
Chipmaker giant AMD to cut 1,000 jobs as it battles Nvidia
Computer chipmaker AMD is laying off around 1,000 employees, or around 4% of its workforce, becoming the latest Silicon ...
Benzinga.com18h
AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia's Dominance: Report
Advanced Micro Devices AMD has reportedly decided to lay off approximately 1,000 employees, representing 4% of its global ...
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 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 ...