Advanced Micro Devices: AMD sinks to 50-day moving average as Nvidia GTC conference gets underway

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Advanced Micro Devices (AMD) stock dipped more than 4.8% on Tuesday as the market for semiconductors consolidated following the launch of Nvidia’s (NVDA) annual GTC conference.

Advanced Micro Devices stock lost nearly 5% on Tuesday. AMD was chosen by Sonyto partner on an autonomous driving system. Nvidia announced its new Blackwell GPU architecture to replace Hopper. CEO Huang calls B200'world's most powerful chip'. Advanced Micro Devices stock dipped more than 4.8% on Tuesday as the market for semiconductors consolidated following the launch of Nvidia’s annual GTC conference.

Officially called semiconductor devices, these computer chips rely on semiconductor materials like silicon and gallium arsenide to process the electrical current that produces the modern world of computing. They come in many shapes, sizes, enhancements and configurations such as diodes, transistors and integrated circuits to more complicated applications like DRAM memory, simple processors and even GPUs.

 

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