Powered by NVIDIA Accelerators, KULR VIBE’s Expanded Technology Offers Customers Enhanced Scalability and Data Security Along with NASA-Proven Battery Safety Solutions and Energy Efficiency KULR VIBE Provides Superior Vibration Elimination for Entire Spectrum of Aviation Platforms, Industrial Motors, and Wind Energy Farms for Significant Efficiency, Longevity and Energy Output Improvements SAN DIEGO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Compan
Shares of both Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) have taken a beating on the stock market in 2022 thanks to a slowdown in chip demand in the personal computer (PC) market and sanctions on sales of data center chips to China, but they look set to end the year on a high. AMD and Nvidia have shot up 16% and 37%, respectively, since the beginning of October thanks to the broader recovery in the stock market, triggered by signs of cooling inflation and expectation that the Federal Reserve could now reduce the pace of interest rate hikes. Advanced Micro Devices is bearing the brunt of the slowdown in PC sales this year.
Unit shipments of graphics cards plunged 31.9% year over year in the third quarter, according to data from Jon Peddie Research, the first decline since the pandemic began. Demand from cryptocurrency miners has essentially vanished as crypto prices plunge, and a recovery doesn't look likely as the industry buckles under the weight of scandals and frauds. The PC market is in shambles, with unit shipments plunging nearly 20% in the third quarter.