In a bold move reflecting the shifting dynamics of the technology sector, Advanced Micro Devices (AMD) has announced it is laying off approximately 1,000 employees, which is about 4% of its global workforce. This decision comes as the company aims to realign its focus towards the burgeoning artificial intelligence (AI) chip market, especially amid soaring […]
AMD Faces Market Dip Amid Production Constraints
AMD is currently navigating a challenging landscape, marked by an unexpected decline in its stock value, which dropped by 8% on a recent Wednesday. This downturn comes in the wake of a revenue forecast that fell short of expectations, despite the company benefiting from the booming demand for AI-driven chips. While AMD’s AI chip sales […]