AMD Shares Slide as Investors Wait for Signs of AI Payoff
- Chipmaker holds event Thursday to announce new products
- AMD is racing to catch up with Nvidia in AI accelerators
This article is for subscribers only.
Advanced Micro Devices Inc. suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence chips but didn’t provide hoped-for information on customers or financial performance.
The stock slid 4% to $164.18 on Thursday, making the biggest single-day drop since Sept. 3. Shares of the company, which hosted an event in San Francisco on Thursday, remain up 11% this year.