Advanced Micro Devices (AMD)
Coverage of Advanced Micro Devices (AMD) in the Nexus archive.
- World shares are mixed, with South Korea's Kospi down nearly 8% on a sell-off of chip shares
World shares were mixed as South Korea's Kospi index fell nearly 8% due to a sell-off in chip stocks, with SK Hynix and Samsung Electronics dropping significantly. Concerns over potential supply gluts in AI and tech sectors weighed on markets, while European benchmarks rose. Oil prices declined amid Iran-U.S. negotiations.
- Asian stocks mostly decline on a sell-off of chip shares
Asian stocks mostly declined due to heavy selling of computer chip shares, with South Korea's Kospi and Japan's Nikkei 225 dropping significantly. U.S. chip stocks like Micron, Intel, and AMD also fell, driven by concerns over potential supply gluts despite rising AI demand.
- EU's digital sovereignty boo-boo may be the best thing to ever happen to the project
The EU's digital sovereignty initiative is criticized for overlooking security risks in Intel and AMD chips, which have opaque management systems that could be exploited under U.S. laws. The article argues that the EU's specifications for sovereign clouds fail to address these vulnerabilities, highlighting historical supply chain risks as a cautionary precedent.
- Bitcoin miner Riot's shares jump 8% after expanding AMD data center deal, signaling AI pivot
Bitcoin miner Riot's shares rose 8% following an expanded data center deal with AMD, indicating a strategic shift toward AI. The partnership highlights Riot's pivot to leverage AMD's infrastructure for AI-related operations.