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Wajeeh Khan

Is AMD Stock a Buy, Sell, or Hold on ZT Systems Sale?

AMD ZT Systems Citi Nvidia Advanced Micro Devices

Advanced Micro Devices (AMD) opened in the red this morning after announcing plans of selling ZT Systems to San Jose-headquartered Sanmina (SANM) for $3.0 billion in cash and stock. 

However, it will retain the data center infrastructure firm’s engineering team, comprising a total of 1,200 experts, for about $1.6 billion, a press release confirmed on Tuesday.  

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