Advanced Micro Devices is a leading global semiconductor company that designs and manufactures computing and graphics solutions for a wide range of applications. The company is known for its innovative microprocessors, graphics cards, and system-on-chip products, which are used in personal computers, servers, and embedded systems. AMD focuses on high-performance computing, gaming, and data center markets, offering advanced technologies that compete with those of other major players in the industry. By delivering cutting-edge products that push the boundaries of processing power and efficiency, AMD plays a critical role in driving technological advancements and enhancing user experiences across various platforms.
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Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) jumped 5.6% in the morning session after the company held its 2024 Developers Conference where it launched offerings from both the new mid-range (Avant) and the small (Nexus 2) FPGA portfolios.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO)
jumped 5.5% in the morning session after reports revealed that the company is collaborating with Apple, the maker of the iPhone, to create its first server chip specifically designed for artificial intelligence tasks. The news highlights the growing trend of tech giants shifting to in-house chip manufacturing. It also showcases Broadcom's expertise in AI chip design, potentially drawing more attention to the company alongside rivals like Nvidia and AMD.
Jim Cramer expressed strong buying conviction for Netflix Inc. during Wednesday's Lightning Round on "Mad Money," as the streaming giant's shares traded near $934 amid broader tech market strength.
The semiconductor industry's future hinges on the rivalry between AMD and Intel, with both companies pursuing distinct strategies to secure market dominance.
Shares of computer processor maker AMD (NASDAQ:AMD)
fell 5.3% in the afternoon session after Bank of America analyst Vivek Arya downgraded the stock's rating from Buy to Neutral and lowered the price from $180 to $155. Arya warned that tech giants like Amazon, Microsoft, and Alphabet are leaning heavily on Nvidia's chips, signaling a strong risk that AMD could lose significant market share.
First AMD Versal adaptive SoCs integrating high-resolution RF data converters, dedicated DSP hard IP, AI Engines, and programmable logic in a single-chip device
