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 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 chipmaker’s AI revenue and ability to compete with Nvidia.