AI Boom Strikes Back: AMD, Super Micro, and Arista Dispelling Bubble Fears!
Reading Time: 4 minutes
For weeks, investors have feared that the investment frenzy in artificial intelligence could turn into a bubble. The debts of cloud companies are rising, recent figures from Amazon and Alphabet caused unrest, and Intel experienced its worst stock drop in decades with a decline of 29% after a weak outlook. On Tuesday evening, three companies provided a strong counter-argument after market close. Chip Developer: AMD Takes Action - AMD increased its revenue by 45% in the third quarter to $13.4 billion, with its data center business nearly doubling...
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