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Advanced Micro Devices (AMD) already has plenty riding on the AI infrastructure boom. AMD stock has skyrocketed an impressive 171% year-to-date, outperforming both the broader market and the tech-heavy Nasdaq Composite ($NASX).
But the next big opportunity in AI may not look anything like ChatGPT. And AMD appears to be preparing for that possibility with its recent $8.2 billion acquisition of World Labs. The deal gives AMD a foothold in spatial intelligence, an area that could become increasingly important as AI moves from screens into robots, machines, and physical environments.
