Market News / Story
AMD Stocks Fall 1.7% as Su Plans Billions for Supply
GuruFocus ·
GuruFocus reports: Advanced Micro Devices , the AI-accelerator and processor designer, is planning tens of billions of dollars in global supply-chain investment, while shares traded down about 1.7% at $638.42 around 10:33 a.m. ET on October 7. CEO Lisa Su's meetings with Samsung and SK Hynix put a critical issue in focus: selling more AI chips means securing the memory and manufacturing capacity to deliver them. According to Reuters, Su said the company depends heavily on Korea's supply…