Big news in the tech world! A new Chinese company, DeepSeek, made a super-smart AI, similar to ChatGPT, but much cheaper. This surprised everyone and made tech stocks, especially chip companies like AMD, go down in price.
- DeepSeek's cheaper AI surprised investors.
- AMD's stock price dropped about 10%.
- Experts are watching AMD's future earnings closely.
| Date | Forward P/E | Market Cap (Billions) |
|---|---|---|
| 9/30/2023 | 24.6 | $166 |
| 12/31/2023 | 39.4 | $238 |
| 3/31/2024 | 53.8 | $292 |
| 6/30/2024 | 47.4 | $262 |
| 9/30/2024 | 30.1 | $265 |
| Current | 25.6 | $194 |
Although AMD's market cap went up for a while, it's now similar to September 2023. The future is uncertain, but AMD's data center business is doing well.
