cross-posted from: https://lemmy.ca/post/2431489
Advanced Micro Devices reported that revenue in its second quarter was $5.36 billion, down 18% from a year earlier as the client PC market continues to climb back during the economic downturn. But investors took the report as good news, as AI-related stocks such as AMD, which makes the processors and graphics processing units (GPUs) used in AI machines, are riding on high demand for AI.
Well said. I am tired of seeing people and companies freaking out because they made 10 millions dollars profit, but it was one buck less than last year.