00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Advanced Micro Devices' shares rose 3.49% to $169.73 on Thursday,
00:08extending Wednesday's rally on reports that Intel may add AMD as a foundry customer,
00:13according to Benzinga.
00:14Such a manufacturing deal would mark a major shift in the semiconductor landscape,
00:18offering AMD an alternative to Taiwan Semiconductor Manufacturing Company,
00:22and signaling confidence in Intel's capacity.
00:24AMD also gained momentum from a new collaboration with IBM
00:27to provide its MI300X AI accelerators on IBM Cloud for Zifra.
00:31Shares trade above their 50-day moving average of $165.73,
00:35with resistance to their $171.05, and support at the 50-day level.
00:40For all things money, visit Benzinga.com.
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