AMD shares are trading higher after the company announced its Instinct MI300X will support Oracle's cloud infrastructure for demanding AI applications.
Portfolio Pulse from Benzinga Newsdesk
AMD's shares are rising following the announcement that its Instinct MI300X will be used in Oracle's cloud infrastructure for AI applications.
September 26, 2024 | 2:17 pm
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AMD's stock is experiencing an uptick due to the announcement that its Instinct MI300X will be integrated into Oracle's cloud infrastructure, enhancing its AI capabilities.
The integration of AMD's Instinct MI300X into Oracle's cloud infrastructure is a significant partnership that enhances AMD's presence in the AI and cloud computing markets. This development is likely to positively impact AMD's stock in the short term as it strengthens its market position.
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