AMD’s New A.I. Chip Announcement Leads to $11 Billion Market Value Drop

AMD unveiled plans to launch its new AI chip, the MI325X, in early 2025, aiming to challenge NVIDIA’s dominance in the AI processor market. However, the news resulted in a 4% drop in AMD’s stock price on the Nasdaq, closing at $164.18 per share. The stock price decline wiped $11.072 billion off AMD’s market value […]