Advanced Micro Devices, Inc (NASDAQ:AMD) CEO Lisa Su emphasized the chip designer’s progress toward its 30×25 goal, aiming for a 30x increase in compute node power efficiency by 2025 and now foreseeing a potential 100x improvement by 2026-2027 at a recent event. Su highlighted AMD’s foresight in addressing AI’s power consumption issues since 2021, focusing on improving data center power efficiency. She noted that the explosion of generative AI models like ChatGPT had intensified concerns about A
Nvidia reported its fiscal first quarter earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines while raising its dividend and announcing a 10-for-1 stock split.
Investing.com-- The S&P 500 closed lower Thursday, as rising Treasury yields on signs of sticky inflation dented rate-cut hopes offsetting an Nvidia-led charge higher in tech stocks.