Advanced Micro Devices (AMD) Shares Explode After Rumored Intel (INTC) Deal

Advanced Micro Devices saw shares climb higher on Tuesday after reports indicated that the company would likely be inking a licensing deal with Intel.

While Intel currently holds a license for chip maker Nvidia’s (NVDA) technology, but that deal is set to expire in March.

Disclaimer: We have no position in Advanced Micro Devices (NASDAQ: AMD) nor Intel Corporation (NASDAQ: INTC) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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