AMD to Acquire Silo AI to Expand Enterprise AI Solutions Globally
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
AMD stock jumps on Silo AI purchase
July 10, 2024 11:58 AM EDTAMD (NASDAQ: AMD) shares jumped more than 3% Wednesday after the company announced it has agreed to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million.
The acquisition marks a step in AMDs strategy to deliver comprehensive AI solutions based on... More
