Latest news with #AdvancedMicroDevicesInc
The Star
5 days ago
- Business
- The Star
British man charged by US in 'IntelBroker' company data hacks
West hacked into his victims' computer systems, gained access to information including customer lists and marketing data, and sold the stolen records for profit, seeking to collect more than US$2.4mil (RM10.14mil), prosecutors said. — Pixabay A 25-year-old British man known as "IntelBroker' was accused by US authorities of conspiring with a group of hackers to steal data from dozens of companies and offer it for sale online, causing more than US$25mil (RM 105.62mil) in damages to victims around the world. Federal prosecutors in New York on Wednesday announced an indictment had been unsealed charging Kai West, 25, with four counts including conspiracy to commit computer intrusions. West was arrested in February in France, where he remains in custody, prosecutors said in a statement. The US is seeking his extradition. West hacked into his victims' computer systems, gained access to information including customer lists and marketing data, and sold the stolen records for profit, seeking to collect more than US$2.4mil (RM10.14mil), prosecutors said. West, who also went by the name "Kyle Northern', led an online hacking group that frequented an Internet forum that officials didn't disclose, according to the indictment. While none of the victims were identified by prosecutors, IntelBroker had claimed breaches at a number of technology companies in recent years, including Advanced Micro Devices Inc, Cisco Systems Inc and Hewlett Packard Enterprise Co. In June 2024, AMD said it was looking into claims that company information had been stolen in a hack in reponse to reports that IntelBroker had said he breached its systems on a site called "BreachForums', one of the the largest English-language markets for hackers to sell stolen data. The forum enables extortion of companies around the world and gives cybercriminals a place to profit off their theft, according to authorities. A Peekskill, New York, man who ran the site, Conor Brian Fitzpatrick, was arrested at his home in March 2023 and pleaded guilty a few months later. He was sentenced to time served and 20 years of supervised release in January 2024, but he's scheduled to be resentenced next month after an appeals court agreed with the government that his punishment was too lenient. According to the complaint in West's case, the forum was launched in March 2022 and shut down the following year by law enforcement around the time that Fitzpatrick was arrested. It was relaunched in May 2024 and remains active. From about August 2024 through January, IntelBroker was identified on the forum as its "owner,' prosecutors said. West offered data for sale about 41 times and offered to distribute it for free, or for credits for the online forum that increases users' clout and allowed them to access advanced features, about 117 times, between 2023 and 2025, prosecutors said. He faces as much as 20 years in prison if convicted on the most serious charge. Victims of West's scheme include a municipal government healtchare provider, a US-based telecommunications provider and an Internet services provider. Investigators said they identified West partially through his cryptocurrency accounts after an undercover officer bought data from IntelBroker for US$250 (RM1,056) worth of Bitcoin through private messages sent via the forum. While West usually asked for compensation for companies' data in Monero, a cryptocurrency with enhanced privacy, Bitcoin had less protection and allowed investigators to link West's email accounts to the wallets that the undercover officer made payment to, according to court documents. French prosecutors didn't immediately respond to an email seeking more details on his arrest. Lawyers for West couldn't be immediately identified. – Bloomberg
Yahoo
23-06-2025
- Business
- Yahoo
AMD, Keysight Technologies Collaborate to Develop PCIe 6.0 for High-Speed AI Applications
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best QQQ stocks to buy according to hedge funds. On June 18, AMD partnered with Keysight Technologies Inc. (NYSE:KEYS) to advance PCI Express/PCIe 6.0 technology, which is a crucial step for high-speed data transfer and AI application development. A close up of a complex looking PCB board with several intergrated semiconductor parts. The collaboration involves Keysight providing early access to its PCIe CEM test tools, such as the M8040A 64 GBaud High-Performance BERT and the 59 GHz UXR-Series Oscilloscope, along with pre-compliance software. This enabled AMD to develop and test a PCIe 6.0-capable server motherboard operating at speeds up to 64 GT/s. The advancement was publicly demonstrated for the first time at the PCI-SIG Developers' Conference held on June 11-12 in Santa Clara, California. PCIe 6.0 is the latest iteration of the high-speed interface that connects components within servers and computers. It offers faster data transfer rates, lower latency, and improved energy efficiency, with speeds reaching up to 256 GB/s using 16 lanes. These enhancements are critical to deploy advanced AI technologies and next-gen 802.3dj Ethernet communications, which enable efficient AI applications. Advanced Micro Devices Inc. (NASDAQ:AMD) operates as a semiconductor company and operates through 4 segments: Data Center, Client, Gaming, and Embedded. Keysight Technologies Inc. (NYSE:KEYS) offers electronic design and test solutions worldwide. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
16-06-2025
- Business
- Yahoo
AMD Fails to Impress Wall Street, But Cowen Sees AI Breakthroughs
June 16 Cowen is doubling down on Advanced Micro Devices (NASDAQ:AMD) after the chipmaker's AI event failed to spark much excitement on Wall Street, saying the company is still laying key groundwork in the race to challenge Nvidia (NASDAQ:NVDA). In a Monday note, analyst Joshua Buchalter maintained a Buy rating, pointing to AMD's growing traction in the AI space. The event showcased its MI350 GPU lineup, enhancements to its ROCm 7 software, and teased the MI400 Helios rack-scale system slated for 2026. Warning! GuruFocus has detected 3 Warning Signs with AMD. While the absence of financial updates kept investors on the sidelines, Buchalter said AMD's roadmap shows promise. He likened the MI350 and MI400 to AMD's earlier CPU efforts that ultimately helped it close the gap with rivals. A surprise appearance by OpenAI CEO Sam Altman offered a nod of validation, with praise for the forthcoming MI450X, which AMD aims to release in late 2026. Seven of the ten largest AI firms are already using AMD chips, including early adopter Oracle (NYSE:ORCL), Meta (NASDAQ:META), and xAI. But Cowen says execution in 2H25 remains key to convincing investors AMD can scale and compete. Based on the one year price targets offered by 41 analysts, the average target price for Advanced Micro Devices Inc is $130.84 with a high estimate of $200.00 and a low estimate of $95.00. The average target implies a upside of +12.64% from the current price of $116.16. Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc in one year is $165.21, suggesting a upside of +42.23% from the current price of $116.16. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
AMD Fails to Impress Wall Street, But Cowen Sees AI Breakthroughs
June 16 Cowen is doubling down on Advanced Micro Devices (NASDAQ:AMD) after the chipmaker's AI event failed to spark much excitement on Wall Street, saying the company is still laying key groundwork in the race to challenge Nvidia (NASDAQ:NVDA). In a Monday note, analyst Joshua Buchalter maintained a Buy rating, pointing to AMD's growing traction in the AI space. The event showcased its MI350 GPU lineup, enhancements to its ROCm 7 software, and teased the MI400 Helios rack-scale system slated for 2026. Warning! GuruFocus has detected 3 Warning Signs with AMD. While the absence of financial updates kept investors on the sidelines, Buchalter said AMD's roadmap shows promise. He likened the MI350 and MI400 to AMD's earlier CPU efforts that ultimately helped it close the gap with rivals. A surprise appearance by OpenAI CEO Sam Altman offered a nod of validation, with praise for the forthcoming MI450X, which AMD aims to release in late 2026. Seven of the ten largest AI firms are already using AMD chips, including early adopter Oracle (NYSE:ORCL), Meta (NASDAQ:META), and xAI. But Cowen says execution in 2H25 remains key to convincing investors AMD can scale and compete. Based on the one year price targets offered by 41 analysts, the average target price for Advanced Micro Devices Inc is $130.84 with a high estimate of $200.00 and a low estimate of $95.00. The average target implies a upside of +12.64% from the current price of $116.16. Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc in one year is $165.21, suggesting a upside of +42.23% from the current price of $116.16. This article first appeared on GuruFocus.
Yahoo
06-06-2025
- Business
- Yahoo
AMD Acquires Brium to Boost AI Performance, Challenges Nvidia's Dominance
On June 4, Advanced Micro Devices Inc. (NASDAQ:AMD) announced its acquisition of Brium to enhance its open AI software ecosystem and improve the performance of AI models on its hardware. Brium's expertise lies in driving efficient AI inference across various hardware platforms. AI inference helps trained AI models to draw conclusions from new data. Brium's technology is designed to make AI software work seamlessly across various hardware platforms, addressing a key challenge for AMD: many AI workloads are currently optimized for Nvidia's CUDA ecosystem, which limits the practical performance of AMD's Instinct GPUs. The acquisition marks AMD's 4th purchase in the past 2 years and challenges Nvidia Corp's (NASDAQ:NVDA) dominance in the AI hardware market, particularly in AI inference. Previous acquisitions include Silo AI in July 2024, in October 2023, and Mipsology in August 2023. These moves broaden AMD's reach and provide a competitive and open alternative to Nvidia's proprietary software dominance in the expanding AI landscape. Advanced Micro Devices Inc. (NASDAQ:AMD) is a global semiconductor company. It operates through four segments: Data Center, Client, Gaming, and Embedded. While we acknowledge the potential of LYFT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
