AMD shares are trading higher following a report suggesting Amazon's cloud unit is considering using the company's AI chips.
Portfolio Pulse from Benzinga Newsdesk
AMD shares are trading higher after a report suggests that Amazon's cloud unit is considering using the company's AI chips.
June 14, 2023 | 11:12 am
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POSITIVE IMPACT
AMD's stock price is trading higher due to the potential partnership with Amazon's cloud unit for AI chips.
The news of Amazon's cloud unit considering using AMD's AI chips is a positive development for AMD, as it could lead to increased demand for their products and potential revenue growth. This directly impacts AMD's stock price, causing it to trade higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100