AMD Stock: Advanced Micro Devices Takes a Jab at Nvidia with New Purchase
Advanced Micro Devices (NASDAQ:AMD) made an announcement today that appears to be catapulting the company further into the AI discussion. Specifically, the semiconductor maker announced it has agreed to buy Silo AI for $665 million, accelerating its vision to create new software and services to complement its AI chips and hardware.Experts see this push as a direct affront to industry leader Nvidia (NASDAQ:NVDA), which has dominated the high-performance semiconductor space in recent years. Through Silo AI, A ...