AMD stock jumps more than 9% on strong 2024 AI chip projections
Publishing timestamp: 2023-11-01 16:01:14
Summary
AMD stock rose after the company issued a positive outlook for its data center GPU business, easing investor concerns. The company beat earnings estimates and provided a promising forecast for its AI chip business. Analysts are optimistic about AMD's prospects in the AI market, and the company expects significant revenue growth in the coming years.
Sentiment: POSITIVE
Tickers: AMD, INTC, NVDA, RJF,
Keywords: lisa su, intel corp, raymond james financial inc, advanced micro devices inc, nvidia corp, breaking news: technology, arm holdings plc, business news, technology,