Advanced Micro Devices said Wednesday roughly 4% of approximately 26,000 employees worldwide will be laid off. About 1,000 ...

The layoffs would affect about 1,040 employees and are part of a shift in AMD’s broader business strategy.

Advanced Micro Devices stock was down Wednesday following a report that said the chipmaking company plans on cutting 4% of ...

AMD dropped 3% Wednesday and is below declining 21-, 50- and 200-day moving averages. I’m willing to bet that upside will be ...

Advanced Micro Devices Inc. is shedding about a thousand jobs as part of an effort to refocus on newer markets like ...

Analysts are optimistic about AMD’s future in the AI space, with predictions that the company’s data center revenue could ...

Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards ...

AMD’s struggles to overhaul Nvidia are evident in the price of its shares. While its stock is down 5% in the year to date, ...

SK Hynix's retreat followed a poor performance by U.S. chip stocks. Advanced Micro Devices and Micron Technology each fell more than 4% on Wednesday, while AI chip giant Nvidia shed 2%.

Wall Street rebounds on inflation report, with consumer discretionary and real estate sectors leading. Senator John Thune ...

AMD lays off 1,000 employees as it shifts focus to AI chips, aiming to compete with Nvidia in the growing data center market.