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Advanced Micro Devices NASDAQ:AMD, the CPU and AI-accelerator designer, agreed on September 28 to buy World Labs for roughly $8.2 billion in stock. Shares traded at $606.17, down 0.23%, in Wednesday's premarket session at 7.04 am ET time. The wager is bigger than another chip launch: AMD wants rese…
AMD previously invested in World Labs before the acquisition, which is the chipmaker's second biggest on record.
Intel closed out September with a move that has investors debating whether the chip giant's turnaround is finally gaining real traction or whether the rally has already run ahead of the fundamentals.