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r/wallstreetbetsr/wallstreetbets· u/EigenstateX· 3d agoNews 0

AMD is literally funding a startup with $350M just so they can buy AMD chips.

Investor summaryBearish

AMD led a $350M round for an 'anti-Nvidia' startup that will use the funds to buy AMD chips, sparking mockery.

Bear points
  • AMD is funding a startup just to artificially inflate its own chip sales.
  • The startup's 'anti-Nvidia' narrative is a joke since it relies entirely on AMD's money to buy AMD products.
AMDNVDAAI 资本开支半导体
Post body

Listen up, regards. I just saw this article and I am crying laughing.

This new "Anti-Nvidia" data center startup called TensorWave just hit a $1.55 Billion valuation after raising a fresh $350 million.

And who led the funding round? AMD

And what are they using the money for? To buy chips from AMD. 🤡

Source : https://www.wsj.com/tech/ai/anti-nvidia-data-center-startup-is-valued-at-1-55-billion-in-new-funding-round-e58b2aec?mod=tech\_lead\_pos1

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