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AMD Soars But Stock Plummets | Raleigh News
AMD just smashed records with a record-breaking quarter, raking in $11.5 billion in revenue and doubling its data center sales — yet its stock plunged 10% overnight. The culprit? Elon Musk’s SpaceX earnings call, where he announced an exclusive partnership with Nvidia for AI infrastructure, including deploying Nvidia GPUs on satellites by 2027. This move directly undermines AMD’s position as a top AI chip alternative and potentially costs them access to a $100B+ customer pipeline. With data centers now driving 58% of AMD’s revenue, the company must now prove it can win big with other major…
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