Advanced Micro Devices (NASDAQ:AMD) stock has been heating up for July. The top rival of Nvidia (NASDAQ:NVDA) recently announced its intent to acquire Silo AI in an all-cash deal worth around $665 million. The deal beefs up AMD’s enterprise AI business and may help renew enthusiasm for the name after trailing NVDA stock in recent quarters.Whether such a deal and a new lineup of AI chips can help AMD outpace NVDA for the rest of the year remains to be seen. Either way, AMD has impressive catalysts and has pr ...