AMD Stock Dips Overnight After $8.2B World Labs Deal — Senior Exec Says It's 'Not The Intent' To Compete With AI Customers
Advanced Micro Devices (AMD) shares dipped 0.4% in overnight trading ahead of Tuesday as investors digested the chipmaker’s $8.2 billion deal to acquire World Labs.AMD announced the all-stock deal on Monday, agreeing to acquire the AI research lab co-founded by AI pioneer and Stanford University co…