Advanced Micro Devices, Inc. shares rise 1.67% premarket after Samsung's $16.5 billion Tesla chips deal.

Advanced Micro Devices, Inc. rose 1.67% in premarket trading, with the company's stock price likely influenced by the news of Samsung Electronics signing a $16.5 billion deal to manufacture AI chips for Tesla. This deal is a significant win for Samsung's U.S. foundry business and could potentially boost the demand for semiconductor technology, which is beneficial for companies like AMD that are involved in the production of AI chips and related technologies.