Citi noted that the move could help AMD reduce time-to-market for its data center chips and build more complete system solutions, an area where Nvidia already holds an edge with its tightly integrated GPU and system offerings.
According to a report by Reuters, no formal decision has been made yet, but Intel has been approaching investment bankers to select an adviser for the sales process.
U.S. stocks traded mixed Thursday, with major indices posting timid midday gains as investors digested fresh economic data revealing signs of consumer strain and disinflationary pressure stemming from April's tariff escalation.
CEO Lisa Su said the new stock buyback authorization underlined the board's confidence in the company's strategic direction, growth prospects, and ability to consistently generate strong free cash flow.
Nvidia stock has been stuck in a rut since it hit an all-time high of $153.13 in January, stymied by the Trump administration's China chip curbs and tariff uncertainty.
Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East.
Analysts who lowered price targets expressed concerns over near-term export risk and product mix while maintaining bullish long-term views tied to AI and AMD’s competitive position in the PC and server markets.
The Finchat-compiled consensus estimates call for adjusted earnings per share of $0.93and revenue of $7.12 billion for the first quarter of the fiscal year 2025.
Chief Executive Hassane El-Khoury stated that the company continues to see strong design win momentum and has secured key wins with major global customers across all end-markets.
CFO Akash Palkhiwala acknowledged the uncertainty around the impact of the global trade landscape on demand across the company’s businesses, according to Koyfin’s transcript.
Qualcomm Inc (QCOM) to report Q2 earnings. Stock down 11.44% over past year, but outperforming chip sector. Wall Street focused on Trump tariffs and potential loss of Apple's modem chip business.
