AMD Stock Rises as $8.2 Billion World Labs Bet Raises Bar
Advanced Micro Devices NASDAQ:AMD, the chip designer, agreed to buy World Labs for about $8.2 billion in stock. Shares rose about 1.3% to $615.69 around 9:49 a.m. ET Tuesday, trimming their gain from the opening bell.The deal brings Fei-Fei Li's spatial AI research into AMD. World Labs builds model…