AMD (AMD) Stock: Drops as $8.2B World Labs Deal Targets AI Growth

TLDR AMD agrees to buy World Labs in an all-stock deal valued near $8.2 billion. The acquisition adds spatial intelligence and robotics research to AMD’s AI push. Fei-Fei Li will join AMD as executive vice president and its chief scientist. The all-stock structure limits cash use but could dilute existing shareholders. The deal expands AMD’s [...]

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