AMD to Acquire Remaining Nvidia Stake for $8 Billion
Advanced Micro Devices (AMD) is set to acquire the remaining stake in Nvidia for $8 billion, using company stock. CEO Lisa Su aims to integrate software with chips for robotics, potentially closing a profitability gap with Nvidia.
Lisa Su is using expensive stock to make a bet on technology that could help package software with chips for robotics. If the strategy works, it could narrow a profitability gap with her arch-rival led by Jensen Huang. If it does not, a $1 trln market value gives the company room to walk away without scars.