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Tech stocks were higher late Wednesday with the Technology Select Sector SPDR Fund (XLK) advancing 0.7% and the Philadelphia Semiconductor index up 1%.

(RTTNews) - Advanced Micro Devices (AMD), the Santa Clara-based semiconductor company, has introduced its latest artificial intelligence or AI chip, the MI300X, as part of its efforts to rival chipmaker Nvidia in the rapidly expanding AI-driven business tools market. Touted as "t

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Stryker Corp (Symbol: SYK), where a total of 7,396 contracts have traded so far, representing approximately 739,600 underlying shares. That amounts to about 60.2% of SYK

Advanced Micro Devices (NASDAQ: AMD) announced game-changing news when unveiled the MI300X super chip. The MI300X is the company’s latest development and a pure play on AI. The chip is intended to rival NVIDIA (NASDAQ: NVDA) chips, such as the H100, which run for around $30,000

The S&P 500 and Nasdaq rose to fresh multi-month highs on Wednesday as investors bet the Federal Reserve would skip raising interest rates later in the day, while a decline in shares of insurer UnitedHealth dragged down the Dow.

Advanced Micro Devices AMD is expanding its portfolio for generative AI with its Instinct MI300 Series accelerator family, strengthening its competitive position against NVIDIA, which is currently dominating the space.The recently

In early trading on Wednesday, shares of Intuitive Surgical topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.6%. Year to date, Intuitive Surgical registers a 21.9% gain. And the worst performing Nasdaq 100 component thus far on the

Amazon Web Services, the world's largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters.

The S&P 500 and Nasdaq rose for a fifth straight session to hit multi-month highs on Wednesday, as investors bet the Federal Reserve would skip raising interest rates later in the day, while a drop shares of insurer UnitedHealth weighed on the Dow.

Intel (NASDAQ: INTC) believes its fourth-generation Xeon server processor can outperform Advanced Micro Devices (NASDAQ: AMD) in AI workloads and have a lower total cost of ownership based on first-party benchmarks. Check out the short video to learn what semiconductor investors

Amazon Web Services, the world's largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters.

Shares of Intel Corporation INTC rose 2.5%, with reports emerging that it was in talks with Arm, a wing of Japan-based Softbank, to be an anchor investor in its IPO.Shares of Advanced Micro Devices, Inc. AMD fell 3.6% as its rival

The S&P 500 and Nasdaq were set to open higher on Wednesday after a fresh inflation reading firmed expectations that the Federal Reserve could skip raising interest rates later in the day.

Chip designer Nvidia closed Tuesday with a trillion-dollar market value for the first time, part of a steady climb in the stock's price in recent months on the back of the artificial intelligence (AI) boom.

Below is Validea's guru fundamental report for ADVANCED MICRO DEVICES, INC. (AMD). Of the 22 guru strategies we follow, AMD rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks wit

The S&P 500 and Nasdaq futures edged higher on Wednesday as investors overwhelmingly expect the Federal Reserve to pause its monetary tightening campaign later in the day.

In this video, I will discuss the numerous new products Advanced Micro Devices (NASDAQ: AMD) announced in its recent data center event and how they could impact Intel (NASDAQ: INTC) and Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and clic

S&P 500 and Nasdaq futures edged up on Wednesday as investors overwhelmingly expect the Federal Reserve to not raise interest rates as it concludes its meet later in the day.

Thanks to the stellar bull run in Nvidia ( NASDAQ:NVDA ) stock, it became the first  chip company to  attain $1 trillion in market cap. NVDA stock has gained about 181% year-to-date, reflecting a surge in demand for its chips that drive  AI (Artificial Intelligence) applications. Further, NVDA’s leadership in the AI space and Generative AI driving significant upside in demand for its products indicate that the uptrend in its stock could sustain.  NVDA Winning the AI Race With growing AI adoption, NVDA has positioned itself as the leading operating system for AI. During the Q1 conference call, NVDA’s CFO, Colette Kress, said that cloud service providers, consumer Internet companies, and enterprises around the world are racing to deploy its flagship Hopper and Ampere architecture GPUs (Graphics Processing Unit) to meet the growing demand for AI applications in training and inference. This reflects the widespread recognition of NVDA's technology and its crucial role in powering AI-driven solutions. Furthermore, NVDA is witnessing strong momentum in verticals like automotive, healthcare, telecom, and financial services, where AI and accelerated computing have seen rapid adoption.  J.P. Morgan analyst Harlan Sur reiterated a Buy rating on NVDA stock following the investor group meeting earlier this month. In a note to investors dated June 7, Sur highlighted that the demand for generative AI remains strong, with Datacenter products witnessing solid growth. Also, the shipment volumes of H100, its GPU optimized to develop, train, and deploy generative AI, have ramped up.  What is the Prediction for Nvidia Stock? NVDA stock has appreciated quite a lot. However, analysts’ average price targets show further upside potential. It’s worth highlighting that competition is rising for NVDA, with Advanced Micro Devices ( NASDAQ:AMD ) revealing its AI chip, the Instinct MI300X GPU. However, Goldman Sachs analyst  Toshiya Hari remains upbeat about NVDA’s prospects. He expects the company to maintain a lead in the AI space, at least in the near term, due to the deployment of complex AI models.  Overall, NVDA stock has received 32 Buy and four Hold recommendations for a Strong Buy consensus rating. Analysts’ average price target of $449.92 implies 9.68% upside potential.  Investors should note that Harlan Sur is the most accurate analyst for NVDA stock, according to TipRanks. Copying Sur’s trades on NVDA stock and holding each position for one year could result in 96% of your transactions generating a profit, with an average return of 71.80% per trade. Disclosure