AMD shares rise on AI chip supply plans

AMD's CEO, Lisa Su, announced that the company plans to significantly increase chip supplies by 2027 to meet the growing demand for artificial intelligence. In response, the company's stock surged by 2.7%, reflecting market expectations of increased demand for its AI products. The company aims to strengthen its capabilities to meet the high anticipated demand in the coming years, especially as the AI market continues to expand and U.S. stocks reach record levels.

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