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Advanced Micro Devices, Inc. (AMD) Unveils New AI Processors at Advancing AI 2024 Event, Faces Competition from Nvidia's Blackwell Chips Amid Mixed Analyst Reactions

By Yahoo! Finance   |   Oct 19, 2024 at 02:55 PM EST
Advanced Micro Devices, Inc. (AMD) Unveils New AI Processors at Advancing AI 2024 Event, Faces Competition from Nvidia's Blackwell Chips Amid Mixed Analyst Reactions

The S&P 500 is approaching 6,000 as the market maintains optimism fueled by AI stocks and strong corporate earnings. Analysts caution on high valuations but expect continued growth in technology sectors driven by AI innovation.

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