Advanced Micro Devices Heats Up Competition With Nvidia
AMDAMD(AMD) Schaeffers Investment Research·2024-08-19 23:00

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are 1.8% higher at $151.23 at last glance, following the firm's latest acquisition. The semiconductor concern today announced plans to acquire ZT Systems for $4.9 billion in a cash and stock deal. The M&A will help the firm expand its artificial intelligence (AI) chips and hardware as it ramps up competition with industry dominator Nvidia (NVDA).While there's still a chasm between AMD's current perch and its March 8 all-time high of $227.30, the security i ...