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Benzinga
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AMD Stock Is Surging Thursday: What's Driving The Action?

1. AMD shares rise as Intel explores manufacturing deal with them. 2. Collaboration with IBM aims to provide AI accelerators for Zyphra. 3. AMD's growth score is notably strong at 94.28. 4. Current stock trading near 52-week high suggests bullish trend. 5. Key resistance identified at $171.05, support at $165.73.

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FAQ

Why Bullish?

The potential deal with Intel indicates AMD’s growing importance in the semiconductor space.

How important is it?

Recent positive developments around partnerships and a strong growth score indicate a favorable outlook.

Why Short Term?

The recent positive developments can quickly enhance investor sentiment in the near term.

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