AMD will lay off 4% of its employees to compete for a stronger market position in the field of artificial intelligence chips.
An AMD representative stated, "In order to align our resources with the greatest development opportunities, we are taking a series of targeted measures that will result in a reduction of approximately 4% of global employees. We promise to treat affected employees with respect and help them through this transition period."
Nvidia Tops List of Favored S&P 500 Stocks on Expected Sales Growth Through 2026
Will the frenzy of datacenters continue amid the slowdown of AI large model upgrades, Musk's "disruptive effect," and OpenAI's anxieties?
Due to the tight supply of high-quality data and the expensive construction costs of datacenters, the upgrade speed of AI large models is slowing down, which may, in turn, hinder the overall progress of the industry and datacenter development; at the same time, Musk's aggressive investment in datacenter construction may increase the expansion difficulties for other AI companies.
Business News Alert: AMD Cuts Staff
Marvell Soars 30% in Three Months: Should You Hold or Fold the Stock?
Social Buzz: Wallstreetbets Stocks Mostly Higher Pre-Bell Thursday; Intuitive Machines, Rocket Lab USA to Advance