AMD stock rises sharply after announcing a collaboration to develop next-generation AI infrastructure campuses with 5C.
AMD shares climbed nearly 8% in early trading Thursday following the announcement of a partnership with AI digital infrastructure provider 5C. The collaboration aims to build gigascale AI campuses, targeting advanced computational needs in artificial intelligence.
The move follows growing demand for high-performance AI infrastructure, with AMD positioning itself alongside competitors in the rapidly expanding AI hardware market. Prior to the announcement, AMD stock had seen steady gains amid broader tech sector strength.
Investors reacted positively to the news, driving the stock higher in pre-market activity.