AMD CEO Lisa Su Calls This Market Moment ‘Short-Sighted’ on AI Spending
AMD CEO Lisa Su dismissed AI spending fears, calling markets short-sighted and reaffirming long-term demand despite the chip sector’s selloff.
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Generac shares jumped 34.8% after an up-to-$8B Amazon data-center generator deal; other premarket movers included big gainers and losers.
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AMD CEO Lisa Su dismissed AI spending fears, calling markets short-sighted and reaffirming long-term demand despite the chip sector’s selloff.
Unrealistic Expectations Please click here for an enlarged chart of State Street Health Care Select Sector SPDR ETF (NYSE:XLV). Note the following: As a reminder, we are politically agnostic. The momo
Ten U.S. tech giants erased about $1.74 trillion in market value Thursday as Nvidia, Micron and AMD led a post-midterm sell-off in AI and chip stocks.
Four sectors are higher and seven are lower in Thursday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Global technology leaders are investing unprecedented capital in AI data center infrastructure, with hyperscalers like Amazon, Google, and Microsoft committing hundreds of billions to accelerator deployment. Rising demand for GPUs, TPUs, and custom AI ASICs driven by generative AI workloads is reshaping data center infrastructure worldwide, supported by government AI initiatives and vertical integration strategies among cloud providers.
C3.ai stock has plummeted 93% from its all-time high of $177 following founder Thomas Siebel's temporary departure last year, which disrupted sales and customer relationships. After Siebel's return in May, the company is attempting a turnaround by shifting to an AI platform provider strategy. While gross bookings surged 73% quarter-over-quarter suggesting potential revenue recovery, the analyst recommends waiting for consistent revenue growth before investing, as the company's forward valuation remains expensive relative to its shrinking revenues.