advanced micro devices news

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 workers will lose their jobs.

The Wall Street Journal on MSN · 16h

Advanced Micro Devices to Cut Global Headcount by 4%

Advanced Micro Devices is reducing its global workforce by 4% after reporting that most of the growth it sees comes from its AI chips and other products for data centers. Shares fell 2.2% to $140.44 in midday trading.

Engadget on MSN · 16h

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.

tom's Hardware on MSN · 10h

AMD is laying off 4 percent of its global workforce as it sharpens focus on AI

AMD on Wednesday said that it would reduce its global workforce by 4% in a bid to focus on its main future growth opportunities. As a result of the decision, the company will have to lay off around 1,

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, ...

The Financial Express32m

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 ...

Benzinga.com12h

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 ...

Bloomberg L.P. on MSN18h

AMD Cutting About 4% of Workforce to Focus Resources on AI Push

Advanced Micro Devices Inc. is shedding about a thousand jobs as part of an effort to refocus on newer markets like ...

1don MSN

Advanced Micro Devices, Inc. (AMD) Launches Versal Premium Series Gen 2 SoC, Optimizing Real-Time Processing for AI, Data Centers, and More

We recently compiled a list of the 15 AI News You Missed This Week. In this article, we are going to take a look at where ...

Insiders At Advanced Micro Devices Sold US$7.5m In Stock, Alluding To Potential Weakness

In the last year Advanced Micro Devices insiders didn't buy any company stock. You can see a visual depiction of insider ...

7don MSN

Is Advanced Micro Devices a Millionaire-Maker Stock?

Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro ...

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%.

Money Morning1d

Three Stocks: Shopify, Advanced Micro Devices, and NIO

The Chinese electric vehicle manufacturer had been experiencing sideways trading due to investor hesitancy, exacerbated today ...

12d

Results: Advanced Micro Devices, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Shareholders might have noticed that Advanced Micro Devices, Inc. ( NASDAQ:AMD ) filed its quarterly result this ...

1don MSN

Jefferies Highlights Advanced Micro Devices, Inc. (AMD)’s Growing AI Momentum, Raises 2024 AI Revenue Guidance to $5 Billion

We recently compiled a list of the 14 AI News Investors Are Paying Attention To. In this article, we are going to take a look ...

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