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Benzinga

Business

Henry Khederian

With Intel's SoftBank Deal Fueling Competition Fears, AMD Stock Slides Despite Bullish AI Outlook

AMD Intel Corporation SoftBank Advanced Micro Devices Advanced Micro Devices, Inc

AMD Slides Despite Beat

Shares of Advanced Micro Devices Inc (NASDAQ:AMD) are continuing their slide Wednesday morning, extending their downturn from Tuesday when several high-profile, AI-related stocks came under pressure.

Shares of several chip stocks fell Tuesday after Intel Corp (NASDAQ:INTC) bolstered its capital with a $2 billion investment from SoftBank, which acquired a stake of just under 2% at $23 per share.

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Top stories on inkl right now

Victor Montagliani eyes re-election at Concacaf that would rule out Fifa presidency run

Victor Montagliani eyes re-election at Concacaf that would rule out Fifa presidency run

Concacaf president Victor Montagliani has clarified his intentions to staff at the confederation after he was touted as a potential rival to Gianni Infantino at Fifa

The Guardian - UK

Two Latvian men arrested at RAF base in Cambridgeshire used by US military

Two Latvian men arrested at RAF base in Cambridgeshire used by US military

Men aged 32 and 36 detained on suspicion of trespass, causing criminal damage and entering a prohibited place

The Guardian - UK

French students continue protests, saying ministers’ pledges not enough

French students continue protests, saying ministers’ pledges not enough

Schools blockaded again across country as teenagers and teachers demand more investment and ‘concrete measures’ to improve conditions

The Guardian - UK

150 Kids Test Positive for Flu at Seattle Children's in Two Weeks as West Coast Season Arrives Early

150 Kids Test Positive for Flu at Seattle Children's in Two Weeks as West Coast Season Arrives Early

Flu is hitting West Coast kids early, with 150 positives at Seattle Children's in two weeks. Here is the vaccine timing parents need to plan for now.

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The WNBA Has Another Referee Controversy on Its Hands After Chaotic Liberty-Dream Ending

The WNBA Has Another Referee Controversy on Its Hands After Chaotic Liberty-Dream Ending

Breanna Stewart made some frank postgame comments about the referees after the Liberty’s playoff loss.

Sports Illustrated

Hurricane Isaias forecast to bring dangerous storm surge, with millions under warnings in US

Hurricane Isaias forecast to bring dangerous storm surge, with millions under warnings in US

Residents in areas from the mouth of the Mississippi River to Florida urged to ‘evacuate if told to do so’

The Guardian - US

Related Stories

Top stories on inkl right now

Victor Montagliani eyes re-election at Concacaf that would rule out Fifa presidency run

Victor Montagliani eyes re-election at Concacaf that would rule out Fifa presidency run

Concacaf president Victor Montagliani has clarified his intentions to staff at the confederation after he was touted as a potential rival to Gianni Infantino at Fifa

The Guardian - UK

Two Latvian men arrested at RAF base in Cambridgeshire used by US military

Two Latvian men arrested at RAF base in Cambridgeshire used by US military

Men aged 32 and 36 detained on suspicion of trespass, causing criminal damage and entering a prohibited place

The Guardian - UK

French students continue protests, saying ministers’ pledges not enough

French students continue protests, saying ministers’ pledges not enough

Schools blockaded again across country as teenagers and teachers demand more investment and ‘concrete measures’ to improve conditions

The Guardian - UK

150 Kids Test Positive for Flu at Seattle Children's in Two Weeks as West Coast Season Arrives Early

150 Kids Test Positive for Flu at Seattle Children's in Two Weeks as West Coast Season Arrives Early

Flu is hitting West Coast kids early, with 150 positives at Seattle Children's in two weeks. Here is the vaccine timing parents need to plan for now.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

The WNBA Has Another Referee Controversy on Its Hands After Chaotic Liberty-Dream Ending

The WNBA Has Another Referee Controversy on Its Hands After Chaotic Liberty-Dream Ending

Breanna Stewart made some frank postgame comments about the referees after the Liberty’s playoff loss.

Sports Illustrated

Hurricane Isaias forecast to bring dangerous storm surge, with millions under warnings in US

Hurricane Isaias forecast to bring dangerous storm surge, with millions under warnings in US

Residents in areas from the mouth of the Mississippi River to Florida urged to ‘evacuate if told to do so’

The Guardian - US

Our Picks

Woman finds a white purse at a thrift store. Then she unzips a small pocket and realizes it isn’t empty: ‘This is crazy’

That was a surprise!

We Got This Covered

Pop Star Britney Spears Reportedly Branded 'Clueless' by Critics Over Recent Dollywood Ride Video

Britney Spears shared footage from a family visit to Dollywood, praising the Tennessee attraction, while some online viewers criticised the language heard during a spinning-ride video.

International Business Times UK

What Happened to Travis Barker? Musician Shares Hospital Photos as Kourtney Kardashian Stays by His Side

Travis Barker says he underwent cubital tunnel release surgery after experiencing numbness in his arm, hand and fingers, adding that he hopes to resume drumming within weeks.

International Business Times UK

Woman orders a Whopper and a Whopper Jr. at a mall Burger King. Then she sees the $30 total and shows the camera the tray: ‘This is crazy’

She showed everything that came with it.

We Got This Covered

'I didn't know this place existed': Britney Spears enjoys family day at Dollywood

Britney Spears enjoyed a visit to Dollywood with her two sons - but admitted she hadn't been aware the theme park "existed" before their trip.

How Jim Bakker became the Johnny Carson of Christian TV

When I was researching my 2017 book, “PTL: The Rise and Fall of Jim and Tammy Faye Bakker’s Evangelical Empire,” I interviewed dozens of former staffers and supporters of PTL, the ministry, television and theme park empire that the Bakkers built starting in the 1970s.

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