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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) just announced a stunning deal to acquire privately held World Labs for $8.2 billion.