TECH - What's Going On With AMD Stock On Wednesday? | Benzinga
Advanced Micro Devices, Inc (NASDAQ:AMD) stock saw some redemption Wednesday after Tuesday’s broader sector selloff amid reports of Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) planning to boost the prices of its chip production services.
Recent reports indicated AMD, which bagged a 33% market share in the server CPU market, is looking to expand its partnership with Samsung Electronics Co to develop 3-nanometer chip processing technology. AMD’s collaboration with Samsung has the potential to help the South Korean chipmaker reduce its market share ...