Key facts: AMD Grants OpenAI Warrants; Faces Export Control Risks; Shares Dip
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- Advanced Micro Devices (AMD) granted OpenAI warrants to buy 10% of AMD at one cent per share, aiming to secure OpenAI as a customer and generate significant revenue.1
- The U.S. may impose new export controls on software products to China, impacting Advanced Micro Devices (AMD) due to its dependence on U.S. software for tech production.2
- Advanced Micro Devices (AMD) shares experienced a decline of 0.3% in recent trading, amidst broader market movements affecting the semiconductor sector.3