AMD - Is AMD's Latest Deal a Game-Changer?
2024-07-20 06:00:00 ET
When it comes to investing in semiconductor stocks, Nvidia is the top name that comes to mind. However, while the company's H100, A100, and Blackwell graphics processing units (GPU) remain in high demand, it faces its share of challengers.
Advanced Micro Devices (NASDAQ: AMD) is Nvidia's closest competitor. Earlier this month, the company revealed that it was acquiring Silo AI in a deal valued at $665 million. Silo AI is reportedly the largest artificial intelligence (AI) lab in Europe.
Here's how that purchase could help AMD gain some momentum in its race with Nvidia.
For further details see:
Is AMD's Latest Deal a Game-Changer?