💨 Abstract

AMD's AI chip revenue fell short of analyst expectations, causing a 8% drop in its shares. The market leader, Nvidia, continues to outperform, making it difficult for AMD to compete in the graphics processing unit (GPU) market. Investors are concerned about heavy spending on AI chips and the development of in-house chips by tech giants like Microsoft and Meta, which could reduce demand for AMD's off-the-shelf processors.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖