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Retail investors dumped ETFs at a record pace Wednesday, with semiconductor funds hit hardest as they cashed in AI rally gains.
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AMD's data center revenue is experiencing strong growth with management forecasting further acceleration. The article discusses whether investors should consider buying AMD stock ahead of an upcoming investor update on November 3rd.
The article compares AMD and SpaceX as AI investments, highlighting that while AMD is an AI infrastructure play, SpaceX has shifted to become primarily an AI application company through its Super Intelligence division. SpaceX's AI revenue grew 830% to $7.6B in Q2, surpassing AMD's data center division growth of 107% to $6.7B. The author recommends SpaceX as the better buy due to superior growth rates and the shift toward AI applications over infrastructure.
AMD is expanding its partnership with Oracle Cloud, integrating its EPYC processors and Pensando networking technology into Oracle's AI infrastructure.
Hinduja Global Solutions (HGS) has chosen Rackspace Technology to provide private cloud and AI compute infrastructure, utilizing AMD technology to support its enterprise AI strategy.
The article compares Arm Holdings and Western Digital as AI-driven investment opportunities. Arm operates a high-margin licensing model for chip architecture with 25% revenue growth and expanding data center opportunities, trading at a premium valuation. Western Digital manufactures storage solutions with strong 43% revenue growth driven by cloud demand but faces higher risks from customer concentration and commodity pricing pressures. The author recommends Arm for long-term holding due to its consistent business model and licensing fee structure.
The UK's competition authority has initiated an investigation into the commercial terms Meta Platforms, Inc. imposes on businesses using its platforms.