$Advanced Micro Devices(AMD)$ Morgan Stanley cut its AMD GPU demand estimate by 41%. Meanwhile, AMD CEO Lisa Su reached a deal with Samsung to help increase chip supply, particularly for AI data centers. There are two separate parts here: the companies agreed to expand their memory-chip partnership, while a possible deal for Samsung to manufacture AMD processors is still being explored. Between the two, Lisa Su took AMD from $2 to $658 a share, so that side carries a lot more weight for me.
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