AMD to acquire AI research firm World Lab
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CNBC’s Jim Cramer said AMD’s run isn’t over, arguing the rise of agentic AI will drive significant demand for the company’s high-end CPUs.
AMD shares jumped about 13 percent last week, briefly pushing its market capitalisation above $1 trillion. CNBC reported that Jim Cramer said the spread of AI agents could become an additional growth driver for AMD and that the recent rally was unlikely to fade easily.
AMD is buying Fei-Fei Li’s World Labs for about $8.2 billion in stock. Li becomes AMD EVP and Chief Scientist, reporting to Lisa Su. World Labs had already partnered with AMD on training/inference and AMD Ventures had invested earlier.TechCrunch
AMD has had a monster 2026 with the stock up more than 180% so far.
Still worth less than one fifth of Nvidia.
AMD stock reaches new 52-week highs near $642. Analysts forecast $750 target as the chipmaker joins the trillion-dollar valuation club. Full analysis.
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With a new $1 trillion market value and shares soaring past $600, AMD's latest price increases signal a major shift in the AI chip race against Nvidia.