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Market
How will AMD's market position relative to Nvidia change by the end of 2024 following the acquisition of Silo AI?
2
Resolution / Starting Odds
Significant improvement • 25%
Moderate improvement • 25%
No significant change • 25%
Deterioration • 25%
Market analysis reports from financial analysts or coverage by major financial news outlets.
Story
AMD to Acquire Europe's Largest Private AI Lab, Silo AI, for $665 Million
Jul 10, 2024, 01:10 PM
AMD announced the acquisition of Silo AI, Europe's largest private AI lab, in an all-cash deal worth $665 million. Silo AI, based in Helsinki, Finland, will continue to be led by its current CEO, Peter Sarlin, under AMD's AI Group. The acquisition is part of AMD's strategy to enhance its global AI solutions and compete with rivals such as Nvidia. The deal is expected to close in the second half of 2024. Following the announcement, AMD shares saw a pre-market increase of 2.50%.
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Similar markets
Increase by more than 5% • 25%
Increase by 5% or less • 25%
No significant change • 25%
Decrease • 25%
Increased AI product offerings • 25%
Enhanced hardware capabilities • 25%
Increased market share in AI sector • 25%
Other • 25%
Higher than Nvidia • 25%
Equal to Nvidia • 25%
Less than Nvidia but more than 50% of Nvidia's • 25%
Less than 50% of Nvidia's • 25%
Increase by more than 5% • 25%
Increase by 5% or less • 25%
Decrease by 5% or less • 25%
Decrease by more than 5% • 25%
Increases by more than 5% • 25%
Remains stable (within 5% change) • 25%
Decreases by less than 5% • 25%
Decreases by more than 5% • 25%
Increase by more than 5% • 25%
Increase by 0-5% • 25%
No significant change • 25%
Decrease • 25%
Outperforms AMD and Intel • 33%
Performs similarly to AMD and Intel • 33%
Underperforms AMD and Intel • 33%
Below 20% • 25%
20-30% • 25%
30-40% • 25%
Above 40% • 25%