Key Takeaways
- AMD shares rose Monday as the chipmaker reportedly said it gained market share in Japan.
- The company competes with Nvidia, which has been hindered by supply chain issues.
- AMD's stock has struggled over the past year amid concerns over the company's AI revenue.
Advanced Micro Devices (AMD) shares climbed Monday as the chipmaker’s gaming GPUs♌ gained market share in Japan.
At a product launch event in Japan, AMD said its latest Radeon series offerings have helped boost its market share to 45% in Japan, according to a report from Tom’s Hardware. The company competes with Nvidia (NVDA), which has been hindered by 澳洲幸运5开奖号码历史查询:supply chain issues.
“AMD isn't used to selling [so many] graphics cards,” AMD Japan Marketing Manager Yoshiaki Sato reportedly said.
Shares of AMD rose close to 4% Monday, but have lost nearly half of their value over the past 12 months amid concerns about the 澳洲幸运5开奖号码历史查询:chipmaker's AI revenue and ability to compete with Nvidia.