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Advanced Micro Devices Inc. - AMD STOCK NEWS

Welcome to our dedicated news page for Advanced Micro Devices (Ticker: AMD), a resource for investors and traders seeking the latest updates and insights on Advanced Micro Devices.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Advanced Micro Devices's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Advanced Micro Devices's position in the market.

Rhea-AI Summary
AMD announced the appointment of Ava Hahn as senior vice president, general counsel, and corporate secretary, replacing Harry Wolin who is retiring after 24 years. Hahn brings extensive legal experience from technology companies like Lam Research, CA Technologies, and Aruba Networks, as well as VC firms. AMD Chair and CEO Dr. Lisa Su expressed gratitude to Wolin and excitement for Hahn's contribution to the company's next growth phase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.47%
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none
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Rhea-AI Summary
AMD (NASDAQ: AMD) will report its fiscal fourth quarter and full year 2023 financial results on January 30, 2024. The management will conduct a conference call to discuss the results at 5:00 p.m. EST / 2:00 p.m. PST. Interested parties can listen to the webcast via the AMD Investor Relations website ir.amd.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
conferences earnings
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Rhea-AI Summary
AMD (NASDAQ: AMD) introduces the AMD Radeon™ RX 7600 XT, a high-performance graphics card designed to power demanding games and content creation applications. It delivers up to 1.9X faster gaming and raytracing performance in select titles compared to a popular competitive offering based on Steam survey data. The graphics card features 16GB of high-speed GDDR6 memory and supports advanced technologies including AMD FidelityFX™ Super Resolution and AMD HYPR-RX with AMD Fluid Motion Frames, providing fully immersive and highly responsive gaming experiences at up to 1440p.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.48%
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none
Rhea-AI Summary
AMD (NASDAQ: AMD) announced new products expanding its desktop portfolio, delivering premium experiences to gamers, content creators, and everyday users through extraordinary performance and the power of personal AI processing. The company introduced the new AMD Ryzen™ 8000G Series desktop processors for the AM5 platform, including the Ryzen™ 7 8700G, with the world’s most powerful built-in graphics. It also unveiled the new AMD Ryzen™ 5000 Series desktop processors, extending the longevity of the AM4 platform. Partners like Lenovo, Razer, Asus, and Acer introduced new AI PCs with AMD Ryzen™ 8040 Series mobile processors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.48%
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none
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Rhea-AI Summary
AMD (NASDAQ: AMD) announced the introduction of two new devices, the Versal™ AI Edge XA adaptive SoC and Ryzen™ Embedded V2000A Series processor, at CES 2024. The devices are designed to serve key automotive focus segments including infotainment, advanced driver safety, and autonomous driving, showcasing AMD's automotive technology leadership. The Versal AI Edge XA adaptive SoCs add an advanced AI Engine, enabling optimization for numerous next-generation advanced automotive systems and applications. The Ryzen Embedded V2000A Series processors power the next-generation automotive digital cockpit, offering a PC-like experience in-vehicle. AMD's expanding automotive portfolio presents a significant opportunity to serve this high-growth market, showcasing the synergy of the combined automotive teams since the acquisition of Xilinx almost two years ago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.51%
Tags
AI
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Rhea-AI Summary
AMD (NASDAQ: AMD) has been notified of a 'mini-tender' offer by TRC Capital Investment Corporation. TRC Capital is offering to purchase up to 1 million shares of AMD common stock, which represents approximately 0.06% of its outstanding shares. The offer of $123.45 per share is approximately 4.24% below the closing price on Dec. 8, 2023, and approximately 11.12% below the closing price on Dec. 18, 2023. AMD recommends against tendering shares in response to this unsolicited below-market offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.34%
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none
Rhea-AI Summary
AMD (NASDAQ: AMD) announces the availability of the AMD Instinct MI300X accelerators and the AMD Instinct MI300A accelerated processing unit, showcasing industry-leading memory bandwidth for generative AI and leadership performance for large language model training and inferencing. The MI300X accelerators deliver a 40% increase in compute units, 1.5x more memory capacity, and 1.7x more peak theoretical memory bandwidth compared to the previous generation. The MI300A APUs leverage 3D packaging and the 4th Gen AMD Infinity Architecture to deliver ~1.9x the performance-per-watt on FP32 HPC and AI workloads compared to the previous generation. The latest AMD ROCm™ 6 open software platform increases AI acceleration performance by ~8x when running on MI300 Series accelerators in Llama 2 text generation compared to previous generation hardware and software.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
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AI
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Rhea-AI Summary
AMD (NASDAQ: AMD) announced the new AMD Ryzen™ 8040 Series mobile processors, extending its leadership mobile offerings with best-in-class x86 processor performance. The processors offer up to 1.6x more AI processing performance than prior AMD models, with the Ryzen 9 8945HS processor offering up to 64% faster video editing and up to 37% faster 3D rendering than the competition. The processors are expected to be broadly available from leading OEMs beginning in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
Tags
AI
-
Rhea-AI Summary
AMD (NASDAQ: AMD) launches new AMD Instinct MI300X and MI300A data center AI accelerators for training and inference solutions. The company also introduces ROCm 6 software stack with significant performance optimizations and new features for Large Language Models and Ryzen 8040 Series notebook processors for AI PCs. AMD is collaborating with industry giants like Microsoft, Dell Technologies, HPE, Lenovo, Meta, Oracle, Supermicro, and others to deliver advanced AI solutions across cloud, enterprise, and PCs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
Tags
AI
Rhea-AI Summary
AMD (NASDAQ: AMD) executives to present at UBS and Barclays Global Technology Conferences. Forrest Norrod and Jean Hu will present at the UBS and Barclays Global Technology Conferences, respectively, to discuss the company's financial performance and future outlook.
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End-of-Day
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Advanced Micro Devices Inc.

Nasdaq:AMD

AMD Rankings

AMD Stock Data

291.70B
1.60B
0.48%
74.98%
2.39%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Santa Clara

About AMD

Advanced Micro Devices, Inc., commonly abbreviated as AMD, is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets