TradingKey – As of July 23, Eastern Time, AMD ‘s stock price has risen by a cumulative 8.86% this week, reaching a high of $548.14. From a market perspective, after a pullback of four consecutive trading days last week, AMD’s stock price stopped its decline and rebounded this week. On July 21, the stock, stimulated by positive news that the company and Microsoft ( MSFT) would expand their AI infrastructure partnership, staged a strong rebound.
According to official updates from AMD, Microsoft will expand its long-term collaboration with AMD, adopting AMD’s Helios rack-scale AI solution in the Azure cloud platform to support large models, AI applications, and cloud computing services.
For AMD, the market has historically believed that…
