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Benzinga
Benzinga
Business
Henry Khederian

Why AMD Stock Is Soaring Tuesday

AMD

Shares of Advanced Micro Devices Inc (NASDAQ:AMD) are surging higher on Tuesday, driven by a new strategic partnership and an analyst upgrade.

What To Know: The semiconductor giant’s stock is higher Tuesday following the announcement of a strategic alliance with HCLTech, a leading global technology company. The collaboration is set to accelerate enterprise digital transformation by leveraging AMD’s high-performance computing and AI capabilities.

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