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On September 29, Rosenblatt reiterated its Buy rating and $700 price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) after the company announced that it had entered into a definitive agreement to acquire World Labs, an AI model and research lab led by AI pioneer Dr. Fei-Fei Li. Rosenblatt believes the acquisition…
Advanced Micro Devices (AMD) shares dipped 0.4% in overnight trading ahead of Tuesday as investors digested the chipmaker’s $8.2 billion deal to acquire World Labs.