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AMD Secures Major Alibaba Order Amid Stock Fluctuations

12/26/2025

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Summary

Story summary

On December 26, 2025, Advanced Micro Devices, Inc. (AMD) stock traded around $215.04 amid low post-holiday activity.
AMD reportedly won a major order for 40,000 to 50,000 MI308 AI chips from Alibaba to boost its cloud capabilities.
The MI308 is designed to comply with U.S. export controls, and AMD's CEO said the company will pay a 15% tax on shipments to China.
Analysts set targets from $140 to $380.

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Story summary

On December 26, 2025, Advanced Micro Devices, Inc. (AMD) stock traded around $215.04 amid low post-holiday activity.
AMD reportedly won a major order for 40,000 to 50,000 MI308 AI chips from Alibaba to boost its cloud capabilities.
The MI308 is designed to comply with U.S. export controls, and AMD's CEO said the company will pay a 15% tax on shipments to China.
Analysts set targets from $140 to $380.