The Ratings Game
Two positive days sparked by report of partnership with Microsoft leads to positive week, even as one analyst says ‘probably not much fundamentally’ changes for AMD if report is true
Advanced Micro Devices Inc. shares rallied for a weekly gain after report of a partnership with Microsoft Corp. on a chip aimed at artificial intelligence.
MarketWatch/iStockphtoto
Advanced Micro Devices Inc. shares rallied Friday to eliminate steep losses from Wall Street’s skepticism following the chip maker’s earnings report.
AMD shares dropped more than 9% Wednesday after the chip maker’s optimism for the second half of the year did not rub off on analysts, but a rebound began Thursday following a report that AMD AMD was partnering with Microsoft Corp. MSFT to develop an in-house chip to handle AI workloads. Microsoft has relied mostly on AMD’s larger rival Nvidia Corp. NVDA for its data-center…
