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Benzinga
Benzinga
Business
Adam Eckert

DARK SECRETS: Amd stock is rising tuesday here s why | Vintage Vibes

AMD

Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Tuesday after the company announced that Oracle Corp (NYSE:ORCL) Cloud will deploy 50,000 of its AI chips.

What To Know: AMD and Oracle announced a major expansion of their long-standing collaboration to help customers significantly scale AI capabilities. Oracle Cloud Infrastructure will become a launch partner for the first publicly available AI supercluster powered by AMD Instinct MI450 Series GPUs.

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