The rise of the GPU and AMD’s Epyc chips contribute to Intel’s current woes.
Advanced Micro Devices Inc. (AMD) is considered Nvidia Corp.'s major rival in the development of AI chips but has been lagging behind.
The Chandler semiconductor company said it is continuing working through issues to reduce its inventory surplus.
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Amazon said it expects to spend over $100 billion in capital expenditures this year, making it the latest tech giant to say it's ramping up investments in artificial intelligence infrastructure.