Superior Micro Gadgets is a world producer of semiconductors, listed on the Nasdaq and headquartered within the US.
The corporate manufactures central processing items (CPUs) for private computer systems and servers, along with graphics processing items (GPUs) for gaming and information centres.
AMD is constructing AI expertise into its future chip designs, with its CEO, Lisa Su, stating in her keynote speech on the current Shopper Electronics Present conference in Las Vegas: “AI is truly the most important megatrend for the future of tech.”
The corporate has delivered spectacular monetary outcomes over the past 5 years, driving its share worth to an all-time excessive of greater than $160 in late 2021. This was some achievement given its share worth was buying and selling at $40 solely two years previous to that.
Nonetheless, AMD’s share worth has since fallen considerably, as slowing international demand for computing merchandise has weighed on valuations.
Sam North, market analyst at eToro, feedback: “The cost of living issue stemming from high and prolonged inflation will potentially put the brakes on the recent run of AI related stocks.”
“However, AMD is much more bullish for the second half of 2023 and analysts from Barclays and elsewhere favour the company to gain market share from one of its rivals, Intel.”