Advanced Micro Devices Boosts AI Strategy with Key Moves

Advanced Micro Devices ( (AMD) ) has been popular among investors this week. Here is a recap of the key news on this stock.

Advanced Micro Devices (AMD) is making strategic moves to enhance its position in the AI and GPU markets. The company recently acquired the engineering team from Untether AI, a Canadian startup known for its energy-efficient AI inference chips. This acquisition aims to bolster AMD’s AI software, chip design, and system integration capabilities. Untether AI’s innovative ‘at-memory’ architecture chips have shown significant performance and energy efficiency gains, which AMD plans to integrate into its product portfolio to expand its AI capabilities across various markets.

In addition to its acquisition strategy, AMD has launched the Radeon RX 9060 XT, a new graphics processing unit that has received positive reviews for its strong performance and competitive pricing. The new GPU offers a budget-friendly option for gamers, providing comparable performance to Nvidia’s RTX 5060 Ti at a lower price point. Despite a challenging year with stock performance down 1.66% year-to-date, analysts remain optimistic about AMD’s future, with a Moderate Buy consensus and an average price target suggesting a potential upside.