Insiders of AI Companies Sold Shares Worth $7.4 Billion Before Market Crash
Insiders of AI Companies Sold Shares Worth $7.4 Billion Before Market Crash
A Protos study covered 282 reports from the American regulator regarding transactions by executives and other insiders of tech companies. After excluding $179 million in sales related to tax obligations, the volume of other transactions exceeded $7.2 billion.
Nasdaq Plummeted 5.5% Amid AI Stocks Sell-off
FinanceNov 06
Nasdaq Plummeted 5.5% Amid AI Stocks Sell-off
On November 5, the Nasdaq Composite fell by 5.52%, the S&P 500 lost 4.36%, and Nvidia's shares dropped by 9.26%. The sell-off affected chip manufacturers and companies related to artificial intelligence. Amid the stock market decline, Bitcoin fell to $76,000.
IBM and AMD Launch Platform for Quantum Error Correction
IBM and AMD Launch Platform for Quantum Error Correction
IBM, AMD, and Oak Ridge National Laboratory have introduced a platform that combines quantum and classical computing. At its core is the Nighthawk processor with 120 qubits and the Umbra system featuring AMD accelerators. Developers will explore error correction methods that hinder the scalability of quantum computers.
AMD may surpass Intel in quarterly revenue for the first time in many years
AMD may surpass Intel in quarterly revenue for the first time in many years
AMD finished Q3 with a 45% revenue increase driven by demand for data center equipment. The company now forecasts quarterly revenue higher than Intel. Lisa Su expects further growth acceleration in 2027, particularly in the server processor and AI segments.
AMD and Anthropic Forge Strategic Partnership Worth Billions
AMD and Anthropic Forge Strategic Partnership Worth Billions
AMD and Anthropic have signed a strategic agreement for chip supply and mutual investments, totaling billions of dollars.
AMD Raises Prices on GDDR6 Memory for Partners
AMD Raises Prices on GDDR6 Memory for Partners
AMD has announced a price increase on GDDR6 memory for its partners starting October 1. Learn more details.
AMD acquires World Labs for $8.2 billion in stock
FinanceSep 30
AMD acquires World Labs for $8.2 billion in stock
AMD announced the acquisition of World Labs for $8.2 billion to enhance AI technologies.
AMD Acquires Spatial AI Developer World Labs
FinanceSep 29
AMD Acquires Spatial AI Developer World Labs
AMD has agreed to acquire AI startup World Labs, which develops models for working with physical and spatial environments.
Bank of America Sets New Price Target for AMD Shares at $720
FinanceSep 25
Bank of America Sets New Price Target for AMD Shares at $720
Bank of America has updated its price target for AMD shares to $720.
New Nvidia and AMD Graphics Cards May Not Arrive Until 2028
New Nvidia and AMD Graphics Cards May Not Arrive Until 2028
The next generation of gaming graphics cards from Nvidia and AMD may hit the market later than initially expected, according to an insider. The anticipated release dates for the RTX 60 and most of the Radeon 10000 series are now linked to 2028, although there is no official confirmation of this information yet.