AMD invests in Wayve's $60 million funding round
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
Source: Newsfilter
Advanced Micro Devices Inc (AMD) saw its stock rise by 3.00%, reaching a 52-week high amid a broader market decline.
The increase in AMD's stock price is attributed to its participation in a $60 million investment round for Wayve, alongside Qualcomm and Arm, which highlights AMD's commitment to advancing technology in the autonomous driving sector. This investment is part of Wayve's larger $1.2 billion funding initiative, indicating strong investor confidence in the company's innovative approach to autonomous driving.
This strategic investment not only positions AMD as a key player in the autonomous vehicle market but also reflects the growing demand for advanced technologies that enhance driving capabilities. As the market for autonomous driving expands, AMD's involvement could lead to significant long-term benefits.
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Analyst Views on AMD
Wall Street analysts forecast AMD stock price to fall
33 Analyst Rating
25 Buy
8 Hold
0 Sell
Strong Buy
Current: 467.510
Low
210.00
Averages
289.13
High
377.00
Current: 467.510
Low
210.00
Averages
289.13
High
377.00
About AMD
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is focused on high-performance computing and artificial intelligence (AI). Its segments include Data Center, Client and Gaming, and Embedded. Data Center segment includes AI accelerators, microprocessors (CPUs) for servers, graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), and Adaptive system-on-Chip (SoC) products for data centers. Client and Gaming segment includes CPUs, APUs, chipsets for desktops and notebooks, discrete GPUs, and semi-custom SoC products and development services. Embedded segment includes embedded CPUs, APUs, FPGAs, system on modules (SOMs), and Adaptive SoC products. It markets and sells its products under the AMD trademark. Its products include AMD EPYC, AMD Ryzen, AMD Ryzen PRO, Virtex UltraScale+, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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