What's Going On With AMD Stock On Wednesday?

Quick Summary:

Advanced Micro Devices, Inc (NASDAQ:AMD) stock saw some redemption Wednesday after Tuesday’s broader sector selloff amid reports of Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) planning to boost the prices of its chip production services.

Recent reports indicated AMD, which bagged a 33% market share in the server CPU market, is looking to expand its partnership with Samsung Electronics Co to develop 3-nanometer chip processing technology.

AMD’s collaboration with Samsung has the potential to help the South Korean chipmaker reduce its market share ...

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesSouth KoreaTaiwan

Topics: Briefs TRFK Top Stories INTC AMD Artificial intelligence US4581401001 US67066G1040 US0079031078 Stock Battles Media TSM ARM BZ Data Project News Stories That Matter AI NVDA SPRX Benzinga US8740391003 Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-05 @ 18:17:23 (4 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 295 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21160554

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