Superior Micro Units 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 knowledge centres.
AMD is constructing AI expertise into its future chip designs, with its CEO, Lisa Su, stating in her keynote speech on the latest Shopper Electronics Present conference in Las Vegas: “AI is really a very powerful megatrend for the way forward for tech.”
The corporate has delivered spectacular monetary outcomes during the last 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 world demand for computing merchandise has weighed on valuations.
Sam North, market analyst at eToro, feedback: “The price of dwelling concern stemming from excessive and extended inflation will doubtlessly put the brakes on the latest run of AI associated shares.”
“Nonetheless, AMD is way more bullish for the second half of 2023 and analysts from Barclays and elsewhere favour the corporate to achieve market share from certainly one of its rivals, Intel.”
