AMD and Microsoft Team Up to Fuel AI Ambitions. Time to Buy?

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The Street

By Bret Kenwell AMD stock was out of favor after earnings, but investors are piling in on news it’s working with Microsoft on its next series of AI chips. Advanced Micro Devices (AMD) – Get Free Report on Wednesday fell 9.2% after the semiconductor stalwart reported earnings. A day later, the shares rebounded 6% — and at one point during the session they’d rallied more than 12%. It wasn’t just a rebound following an initial earnings-fueled decline. Instead, a headline hit at midday, saying that AMD and Microsoft (MSFT) – Get Free Report were partnering to build chips for AI projects. Don’t Mi…

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