CNBC Daily Open: Could ‘higher for longer' make a return?
With inflation ticking up and a possible inflationary landscape ahead due to Trump’s policies, could a “higher for longer” stance from the Fed return?
AMD cuts 1,000 staff to focus on AI chips in battle with Nvidia
The company’s data centre segment has performed vastly better than its personal computer and gaming units this year.
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AMD to cut 4% of global workforce as it focuses on AI chip development
AMD is regarded as the closest rival to Nvidia in the lucrative market for chips that form the brains of complex data centers ...
AMD announces job cuts, to lay off about 1,000 employees
Advanced Micro Devices (AMD) has announced a reduction of its global workforce by 4%. According to a report by CNBC, the ...
AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up
AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.
AMD to cut about 1,000 jobs, 4% of staff, so it can double down on AI opportunity
AMD’s struggles to overhaul Nvidia are evident in the price of its shares. While its stock is down 5% in the year to date, ...