AMD is up 36.7% in four sessions while Nvidia bleeds
$AMD.US closed at $552.90 on Wednesday, up 7.3%. That's 36.7% above its Nov 5 close of $404.40
The fuel: CoreWeave's results showed $3.66B in revenue and a $132.5B backlog. AMD's 256-core EPYC Venice server CPUs have started shipping, Google picked its EPYC chips, and Anthropic's filing names AMD as a $2.5B investor.
It's still about 7% lower than it was 30 days ago.
Is the AI chip crown up for grabs?
$AMD.US closed at $552.90 on Wednesday, up 7.3%. That's 36.7% above its Nov 5 close of $404.40
The fuel: CoreWeave's results showed $3.66B in revenue and a $132.5B backlog. AMD's 256-core EPYC Venice server CPUs have started shipping, Google picked its EPYC chips, and Anthropic's filing names AMD as a $2.5B investor.
It's still about 7% lower than it was 30 days ago.
Is the AI chip crown up for grabs?
