AMD Shares Rise 7% After Report of Microsoft AI Chip Deal
2023年5月5日 - 5:21AM
Dow Jones News
By Stephen Nakrosis
Shares of Advanced Micro Devices were trading higher on a mostly
down day for stocks Thursday, following media reports the company
will work with Microsoft to develop artificial intelligence
processors.
Bloomberg reported Microsoft would help AMD increase its supply
of in-demand parts and that the two companies were working to
develop a homegrown Microsoft AI processor. Representatives from
Microsoft and from AMD declined to comment, according to the
report.
At 3:45 p.m. ET, AMD shares were trading 6.98% higher, at $87.26
per share. Volume at the time topped 107.7 million shares, above
the stock's 65-day average volume of some 61.6 million shares.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 04, 2023 16:06 ET (20:06 GMT)
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