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The company’s press release states that the funds will be allocated to enhance strategic partnerships and boost production capacity for AI infrastructure products.
"With the swift increase in AI adoption, our international partners are quickly expanding AI infrastructure to satisfy the need for computing capacity," stated AMD CEO Lisa Su.
AMD stock surged by 8.1% on Wednesday but fell by 1.8% in pre-market trading on Thursday. The market capitalization of the company has more than doubled since the start of the year, hitting $675 billion.
source: reuters.com
"With the swift increase in AI adoption, our international partners are quickly expanding AI infrastructure to satisfy the need for computing capacity," stated AMD CEO Lisa Su.
AMD stock surged by 8.1% on Wednesday but fell by 1.8% in pre-market trading on Thursday. The market capitalization of the company has more than doubled since the start of the year, hitting $675 billion.
source: reuters.com