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

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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.

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