AMD Industries Appoints Sanjeev Singhal as Chief Financial Officer

AMD Industries has appointed Sanjeev Singhal as its new CFO. Singhal previously worked at Mazagon Dock Shipbuilders Ltd. and Mishra Dhatu Nigam Ltd. in various roles. AMD Industries is a beverage packaging company based in India, manufacturing pet preforms, bottles, crown caps, and containers for various multinational companies.

Shares of Advanced Micro Devices (AMD) experienced a significant rally on Wednesday, August 13, 2025, with the stock surging by 5.4%. The upward trend was fueled by a research note suggesting that Nvidia may delay its next-generation "Rubin" AI chips. This news came amidst a broader sell-off in the technology sector, highlighting AMD's competitive positioning in the AI chip market [1].

According to a note from Fubon Research, Nvidia is reportedly reconsidering the design of its Rubin series chips to better compete with AMD’s upcoming MI450 accelerator. This development has bolstered investor optimism that AMD is becoming a more formidable rival to Nvidia in the high-stakes AI chip market. The MI450 is part of AMD’s MI400 series, its first rack-scale AI server platform, designed to challenge Nvidia’s market dominance. The potential delay by Nvidia signals that AMD’s technology is making significant strides to influence the market leader’s strategy [1].

The report sparked a significant rally in AMD’s stock, with trading volume surging to nearly $20 billion. The options market was also highly active, indicating strong speculative and hedging interest from investors. The positive momentum is further supported by bullish sentiment from Wall Street analysts. Several firms recently raised their price targets for AMD, reflecting growing confidence in the company’s ability to capture market share, particularly in the AI and server sectors. Stifel increased its target to $190, Raymond James and Barclays both set a target of $200, and Susquehanna raised its target to $210 [1].

While Nvidia maintains a strong competitive advantage with its established CUDA software platform, the recent developments suggest that AMD is closing the gap on a technical level, creating a more competitive landscape in the AI hardware market.

References:
[1] https://paginasiete.bo/advanced-micro-devices-amd-stock-jumps-on-report-of-nvidia-chip-delay-amd-stock-price/