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Takeaways
- AMD shares rose on Monday after the chipmaker reported that it gained market share.
- The company competes against Nvidia which has been hampered by supply chain problems.
- AMD's stock has struggled over the past year amid concerns over the company's AI revenue.
Shares of Advanced Micro Devices (AMD), a chipmaker that makes gaming GPUs, rose Monday as its market share in Japan increased.
According to a Tom’s Hardware report, AMD announced at a product launch in Japan that its latest Radeon Series offerings helped boost its market to 45%. The company competes with Nvidia, which has been hampered by supply chain problems.
“AMD isn't used to selling [so many] Yoshiaki Sato, AMD Japan Marketing Director, is reported to have said that graphics cards are important.
Shares of AMD rose by close to 4% on Monday, but they have lost almost half their value in the past year amid concerns over the chipmaker’s AI revenues and ability to compete against Nvidia.
