Advanced Micro Devices Stock Drops Nearly 7% Amid Reports of DeepSeek Developing Proprietary AI Chip
Advanced Micro Devices (AMD) stock fell nearly 7% on Tuesday after reports surfaced that Chinese AI company DeepSeek is developing its own proprietary chip for inference, a key stage in AI processing. This could reduce reliance on AMD and Nvidia's chips if successful.
Topics: Advanced Micro Devices AI chips DeepSeek Nvidia