Developing story · 2 episodes · 25 Sept to 1 Oct
AMD Aggressively Expands AI Infrastructure Portfolio
AMD is aggressively expanding its AI infrastructure portfolio through major acquisitions and strategic partnerships. The company recently agreed to acquire World Labs for $8.2 billion, following a deal with Anthropic that prompted Bank of America to raise its price target.
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AMD agrees to acquire Fei-Fei Li's World Labs for $8.2 billion in an all-stock deal
AMD has agreed to acquire World Labs, the AI startup founded by Fei-Fei Li, for $8.2 billion in an all-stock transaction. The deal is expected to close by the end of the year, pending regulatory…
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Bank of America raises AMD price target on Anthropic-Akamai CPU deal
Bank of America raised its price target for AMD stock to $720 from $620, citing the $11.6 billion AI cloud deal between Anthropic and Akamai (AKAM) as a boost for server CPUs in the agentic AI era.…
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