AMD climbs on AI-chip optimism as Amazon signals a $60B data-center push
TL;DR
AMD stock jumped about 6.7% as Amazon opened a path to roughly $60 billion in AI-data-center orders, while AMD posted a 50% rise in Q2 revenue to $11.54B and a data-center segment of $6.7B (about 58% of total), underscoring AI infrastructure as a growth engine; the Amazon angle underscores scale but also potential competition for merchant chips, and AMD trades well above GuruFocus' GF Value.
- AMD Jumps 6.7% While Amazon Opens a $60 Billion AI-Chip Door Yahoo Finance
- Qualcomm issues warrants to Amazon to acquire $4 billion worth of chipmaker's stock as part of AI infrastructure deal CNBC
- Why Amazon is buying $60 billion of Qualcomm chips — and a stake in the San Diego company San Diego Union-Tribune
- Qualcomm Stock Pops as Amazon Deal Ramps Up AI Ambitions Barron's
- Qualcomm Announces Multi-Generational Product Collaboration with Amazon to Build Next-Generation AI Data Center Infrastructure Qualcomm
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