Shares of Advanced Micro Devices ( AMD 4.62%), commonly referred to as AMD, charged sharply higher on Wednesday, gaining as much as 8.9%. As of 11:34 a.m. ET, the stock was still up 4.9%.

TensorWave Inc., a graphics processing unit cloud platform for artificial intelligence that’s focused on offering an alternative to Nvidia Corp.’s market dominance through Advanced Micro Devices Inc. chips, announced today that it has raised $100 million in an early-stage funding round led by Magnetar and AMD Ventures.

Despite Nvidia's AI semiconductor dominance, competitors are innovating to challenge its lead. Read about AMD, Qualcomm, Broadcom, Amazon, and more.

Framework sent me the new AMD mainboard to slot into the existing chassis, along with a new bezel and input cover. Rather than the usual solid colors, the company is now offering translucent plastic versions for all those late ‘90s kids who owned Game Boy Colors.

BENGALURU] Advanced Micro Devices (AMD) on Wednesday (May 14) announced a new US$6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the artificial intelligence (AI) trade that has powered their shares shows some signs of slowing.

By Max A. Cherney and Stephen Nellis (Reuters) -A number of U.S. technology firms on Tuesday announced artificial intelligence deals in the Middle East as U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.

Nvidia and AMD stocks surged after landing major AI chip deals with Saudi Arabias Humain, a subsidiary of the Public Investment Fund. The multibillion-dollar agreements aim to supply advanced processors for massive AI data centers,

The Series A funding round was led by Magnetar and AMD Ventures along with participation from existing partners, including Maverick Silicon and Nexus Venture Partners, and new investor Prosperity7. With the growing demand for AI computing resources,