BUZZ-AMD climbs on deal to buy Finnish startup Silo AI
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Shares of chipmaker AMDrise 5.2% to a 3-month high as they acquire Finnish startup Silo AI for $665 million in cash, aiming to enhance their AI chip capabilities. AMD's stock leads gains on the S&P 500, with $4.9 billion worth of shares changing hands. The broader Philadelphia chip index hits a record high, and AMD is up 27% year-to-date compared to a 40% gain in the SOX.
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