. Advanced Micro Devices (AMD) reported first quarter revenue of $5.35 billion, a 9% decline from a year ago due to the global slowdown in the client PC market. CEO Lisa Su is confident this downturn will turn around in the second half of the year and she reports that the client market will improve, as China shows signs of recovery. For the first quarter, AMD's earnings per share exceeded analyst expectations, and the company expects second quarter revenue of $5.3 billion. AMD's key segments, including gaming and the data center, experienced a mix of growths and declines, with the client market taking the biggest hit. Nonetheless, CEO Su looks to the future with optimism, expecting an increase in demand for AI processing chips.
A major initiative of PM Narendra Modi, the first Digital Science Park in Thiruvananthapuram, Kerala is set to be unveiled soon. With an outlay of Rs 1,500 Crore and technological collaborations, the Digital University Kerala & UK based semiconductor- software design company ARM will strive to revolutionize AI, robotics, electronics, and more. Executives, state ministers and Shashi Tharoor will bless the project during the ceremony.
UK investors have been increasingly interested in investing in AI stocks, such as OpenAI and Chat-GPT. According to data from eToro, the quarter of 2021 saw a 54% increase in UK investors' opening of new positions in AI stocks, with younger investors (18-34) at 63%. 32% of UK investors are planning to invest more in AI-related sectors. Stocks such as C3 AI, NVIDIA, Intel, Alphabet, Microsoft, SentinelOne, and AMD have all seen a growth in open positions. Don't miss the chance to benefit from this investment revolution - take the opportunity to invest in AI stocks with the help of Ben Laidler, Global Markets Strategist at eToro!
Discover the surge in demand for Advantest’s chip testing tools, powered by the success of OpenAI’s ChatGPT and other AI applications. Tokyo-based semiconductor company Advantest is experiencing increased demand from chipmakers such as Nvidia and AMD and it’s reflected in the company’s record-shattering financial performance – ¥170 billion in 2021. Get insights into the AI race, export controls, and Advantest’s success in testing performance and optimal chip quality.
Discover the incredible success of ChatGPT and its potential as an investment opportunity. Learn about the latest advancements in AI from experts Nina Schick and Kenny Polcari, and find out why Nvidia stock has skyrocketed in recent months. Understand the risks of investing in AI stocks and be aware of your own risk tolerance. Invest smarter with the help of Kace Capital Advisors.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?