AMD South Korea 10,000 AI Chips Deal Fails to Lift Stock [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
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Source: Yahoo! Finance
Advanced Micro Devices ( NASDAQ:AMD ) is in discussions to supply 10,000 AI chips to South Korea's Upstage, a move that could reduce reliance on Nvidia ( NASDAQ:NVDA ), according to a Monday Bloomberg report. Though AMD Stock dipped 2% on early Monday following the news. The talks follow a meeting last week in Seoul between AMD CEO Lisa Su and Upstage CEO Sung Kim on providing the company's MI355 AI chips. If completed, the agreement would mark a sizable AI deal for AMD and strengthen its presence in South Korea's growing artificial intelligence market. Warning! GuruFocus has detected 5 Warning Signs with AMD. Is AMD fairly valued? Test your thesis with our free DCF calculator. Upstage is developing a large language model with roughly 200 billion parameters as part of a government-backed competition known as the AI Squid Game. The contest evaluates teams every six months, with higher-performing participants gaining greater access to high-end computing resources, including N
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- Samsung just found a shocking new way into AMD's AI push [Yahoo! Finance]Yahoo! Finance
- The $1 Trillion Opportunity Advanced Micro Devices, Inc. (AMD) Wants In On [Yahoo! Finance]Yahoo! Finance
- Upstage Discusses Buying 10,000 AMD AI Chips to Diversify Supply [Yahoo! Finance]Yahoo! Finance
- AMD Eyes 10,000 AI Chip Deal With Korea's Upstage [Yahoo! Finance]Yahoo! Finance
- AMD May Land Key AI Deal In Korea [Yahoo! Finance]Yahoo! Finance
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