Dj Advanced Micro Devices Inc, Inst Holders, 3Q 2024 (Amd)

China has launched a new AI Experts Committee to influence artificial intelligence’s global development and governance as part of its broader strategy.

The committee was announced during the four-day World Internet Conference, also known as the Wuzhen Summit, held in Zhejiang province, China.

The AI Experts Committee will be led by Wang Jian, founder of Alibaba Group Holding Alibaba Cloud, who was named chief expert, SCMP reports.

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The committee includes approximately 170 specialists, featuring prominent figures such as British computer scientist Wendy Hall, Vienna University of Technology professor Schahram Dustdar and Chinese-American scientist Zhang Ya-qin of Tsinghua University.

Representatives from U.S. firms, including chipmaker Advanced Micro Devices, Inc. , are also members.

The committee aims to enhance international collaboration and promote China’s perspective on responsible AI governance. This initiative mirrors Beijing’s approach to influencing global standards, similar to its efforts in shaping 4G and 5G mobile technologies.

Panel discussions at the Wuzhen Summit focused on AI innovation, governance, and its potential to empower productivity across industries.

At the summit, Eddie Wu Yongming, CEO of Alibaba Group Holding, emphasized AI could transform productivity across various sectors, forming what he described as a “superintelligent body.” Meanwhile, Xiaomi founder Lei Jun shared plans to launch an intelligent-driving application by year-end, aligning with the company’s “All in AI” strategy. Ant Group CEO Eric Jing Xiandong underscored AI’s potential for personalization in services while emphasizing responsible risk management.

The formation of this committee highlights China’s commitment to taking a leading role in global AI governance, even as it faces trade restrictions from the U.S. government. This effort aligns with Beijing’s broader ambitions to remain competitive in advanced technologies.

China has been actively involved in boosting its AI semiconductor base after the U.S. imposed sanctions on advanced AI chip exports to the country, restricting it from advanced technologies from companies like NVIDIA Corp and Taiwan Semiconductor Manufacturing Co .

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advanced Micro Devices, Inc. stock remained largely unchanged this week as investors digested NVIDIA Corp’s third-quarter earnings report.

Nvidia, AMD’s key competitor in high-performance GPUs and AI hardware, posted solid third-quarter results that beat analyst expectations. However, its guidance for the fourth quarter dampened enthusiasm, leaving some investors cautious about the short-term outlook.

What To Know: Analysts praised Nvidia's performance, noting strong AI demand and a robust product pipeline, particularly around its next-generation Blackwell architecture.

Cantor Fitzgerald and Piper Sandler analysts emphasized that the Blackwell ramp is outpacing initial expectations, and demand continues to outstrip supply. Despite this, Nvidia's guidance for fourth quarter gross margins and revenue fell short of lofty investor expectations, triggering some profit-taking.

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For AMD, the lack of significant movement in its stock price reflects the lingering uncertainty in the sector. While Nvidia solidifies its dominance in AI hardware, AMD has been making inroads with its MI300 chips, targeting similar data center and AI workloads. Investors appear to be awaiting clearer signs of market share gains or a breakout moment for AMD in the competitive AI space.

Nvidia's results serve as a bellwether for the broader semiconductor industry, and the mixed reactions highlight investor sensitivity to future growth prospects amidst a year of outsized gains for AI-related stocks.

With AMD and Nvidia navigating a rapidly evolving landscape, all eyes remain on product launches and guidance updates in early 2025.

Read Also: Nvidia Stock Historically Drops In December After Q3 Earnings

How To Buy AMD Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Advanced Micro Devices’ case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, AMD has a 52-week high of $227.30 and a 52-week low of $116.37.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The top headline in the semiconductor industry this week was the latest quarterly earnings report from artificial intelligence (AI) chip market leader Nvidia , which traded mixed on Thursday after Q3 results that once again surpassed expectations. Analysts responded positively to Nvidia's results, with most on Wall Street reading the quarterly report as a resoundingly bullish signal for strong AI demand going forward.

NVDA stock set a new high above $152 after earnings before paring gains, and is up about 191% in 2024. Meanwhile, its top rival Advanced Micro Devices remains on negative ground for the year as 2024 draws to a close, down 6% on a year-to-date basis.

Why is AMD Stock Underperforming?

While AMD is up more than 4,800% over the past decade, the shares have failed to impress investors this year. Declining revenues in its gaming and embedded segments have offset enthusiasm over strength in its data center segment, and the company has invested heavily in acquisitions as it attempts to compete with Nvidia in the AI chip market.

As a result, AMD is looking to cut costs, and the stock fell recently on news that the chip specialist plans to trim its workforce by 4%.

While equity benchmarks have rallied to new record highs this month amid broad-based post-election optimism, AMD is down 39% from its year-to-date highs, set in March. But after a “rebuilding” year of strategic investments in AI, should investors consider buying the dip in AMD stock?

Dell Technologies DELL is scheduled to report its third-quarter fiscal 2025 results on Nov. 26.

Dell expects third-quarter revenues in the range of $24-$25 billion, with a midpoint of $24.5 billion, indicating 10% growth. Earnings are expected to be $2 per share (+/- 10 cents).

The Zacks Consensus Estimate for revenues is pegged at $24.53 billion, suggesting 10.25% growth from the figure reported in the year-ago quarter.

The consensus mark for quarterly earnings is pegged at $2.05 per share, unchanged over the past 60 days and suggesting year-over-year growth of 9.04%.

Dell’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters, with an earnings surprise of 16.32%, on average.

Dell Technologies Inc. Price and EPS Surprise

Dell Technologies Inc. price-eps-surprise | Dell Technologies Inc. Quote

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

Let’s see how things have shaped up for DELL shares prior to this announcement.

Key Factors to Note for DELL

Dell is well-poised to report solid results in the fiscal third quarter, driven by its portfolio strength and an expanding partner base that includes NVIDIA NVDA, Advanced Micro Devices AMD, Intel INTC, and Nokia, among others.

Dell’s fiscal third-quarter results are expected to have benefited from the robust demand for AI-optimized servers. In the fiscal second quarter, AI-optimized server demand increased to $3.2 billion, up 23% sequentially, with shipments up to $3.1 billion.

However, declining consumer revenues and flat commercial client revenues in the fiscal second quarter reflect weakening demand across key segments.

Sluggish PC shipments in the consumer segment are expected to have hurt DELL’s top-line growth in the to-be-reported quarter amid continued consumer demand challenges and competitive pressures.

Per Gartner’s latest report, DELL witnessed the largest decline in worldwide PC shipments in the third quarter of 2024, with a 3.9% year-over-year drop, followed by ASUS, which saw a 3% decline. Dell and ASUS were the only vendors to report year-over-year shipment decreases.

DELL Shares Outperform Sector

Year to date, Dell shares have returned 81.6%, outperforming the broader Zacks Computer & Technology sector’s return of 27.4% and the Zacks Computer-Micro Computer industry’s return of 19.8%.

Except for NVIDIA, Dell Technologies shares have outperformed peers, including HPQ, Apple, and Lenovo. Year to date, NVIDIA, HPQ and Apple have returned 196.1%, 26% and 18.7%, respectively. Lenovo shares have lost 15.2% year to date.

Year-to-Date Performance Chart