At least outwardly, AMD is expressing confidence in its current and future positions in the tech landscape.
Shares of AMD slid following the announcement that Intel and NVIDIA are teaming up to co-develop several generations of datacenter and PC products. The arrangement, which also includes a $5 billion investment by NVIDIA into Intel common stock, prompted speculation and worry (by some) over AMD’s future, and that undoubtedly led to its stock being down from before the announcement. AMD wants you to know that it does not share the same concern.At least outwardly, AMD is expressing confidence in its current and future positions in the tech landscape. In a statement provided to Bloomberg, AMD called its AI efforts a „top strategic priority“, essentially echoing previous comments made last month after posting its latest quarterly earnings.“We’re confident in our ability to keep driving innovation, growing market share, and reinforcing AI as the company’s top strategic priority,” AMD told the site.Take Intel’s surprise deal with NVIDIA out of the equation and it’s easy to see why AMD is so assured in its position.
