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."
Social Buzz: Wallstreetbets Stocks Mostly Higher Pre-Bell Thursday; Intuitive Machines, Rocket Lab USA to Advance
Daily options tracking | Cryptos concept stocks strengthen again before the market opens! MSTR's volatility has been rising for several days; amazon hits a historic high! Call options within the week have doubled their profits.
Claiming to be a "SpaceX competitor," Rocket Lab surged 28% after earnings, with options volume skyrocketing threefold month-on-month to 0.4 million contracts. Call options accounted for 76.5%, among which the call options expiring this Friday with a strike price of $20 were the most active, with a volume exceeding 0.02 million contracts, and several call options saw premiums increase by over 200%.
Better Artificial Intelligence Stock: Nvidia Vs. AMD
TechInsights: AMD (AMD.US) has surpassed intel (INTC.US) in datacenter revenue for the first time.
AMD's success can be attributed to various factors, with the most important being that, apart from nvidia, customers lack other options, and intel's delay in accelerator products has provided AMD with market opportunities.
AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia's Dominance: Report