Why AMD Stock Just Crashed
Don't look now, but the AI market just shifted -- and Advanced Micro Devices (NASDAQ: AMD) investors are nervous.
Bloomberg reports (NASDAQ: META) may purchase Tensor Processing Units (TPUs) designed by Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) for use in Meta's artificial intelligence data centers. This is mainly bad news for Nvidia (NASDAQ: NVDA) stock, because Nvidia has been selling a lot of Graphics Processing Units (GPUs) to Meta. It's also probably bad news for AMD, and AMD stock is now down 7.9% through 11:10 a.m. ET.
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Aktie
175,64 €
-0,57 %
Hohe Buy- und niedrige Sell-Zahlen bei Advanced Micro Devices Inc. zeigen ein stark positives Sentiment.
Das Kursziel von 232 € für Advanced Micro Devices Inc. weist auf eine Steigerung von über 20% gegenüber dem aktuellen Kurs von 175.64 € hin.
