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AMD says it expects to see its data center revenue increase 60% over the next three to five years, up from $16 billion in 2025, as the company pushes deeper into the AI space and works to steal share from rival Nvidia.
US stock futures leaned lower on Tuesday amid a revival in AI worries, slipping back from a rally fueled by optimism that Washington may soon end the record-breaking government shutdown.
Tech led gains in US stock futures on Monday, after the Senate took a big step toward ending the record-breaking government shutdown that has clouded the picture of the economy. S&P 500 futures rose 0.9%, while those on the tech-heavy Nasdaq 100 climbed 1.4%.
US stock futures faltered in their rebound bid on Friday, set to resume a steep tech-led sell-off as investors weighed signals on the jobs market and the odds of overdone AI valuations.
US stocks stalled before the bell on Thursday as concerns over lofty tech valuations eased and a Supreme Court hearing fed optimism for a shift in President Trump's aggressive tariff push.
US stock futures struggled on Wednesday following a rough trading session that saw Wall Street equity markets close deep in the red.