Advanced Micro Devices (AMD) recently made a move that caught Wall Street's attention. The chipmaker is teaming up with Core Scientific (CORZ) to secure massive amounts of data-center capacity across the United States. For a company racing to keep pace with Nvidia (NVDA) in the AI chip war, power and space are just as important as silicon. This deal tackles both.
Here's what investors need to know about the agreement, and why it could matter for AMD stock in the months ahead.