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AMD Surges as Amazon Signals Up to $60B AI Chip Demand

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Qualcomm said Amazon could buy up to $60 billion of AI data-center products in a long-term collaboration, highlighting demand for infrastructure. AMD’s enthusiasm is tied to second-quarter results: revenue rose 50% to $11.54 billion, with data-center sales more than doubling to $6.7 billion. The data-center division now drives about 58% of revenue, reinforcing AI as its growth engine.

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