Tesla to buy AMD chips amid AI hardware expansion: Musk
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Tesla CEO Elon Musk has shared plans to buy chips from Advanced Micro Devices (AMD) for a major investment in artificial intelligence (AI) computing hardware. This news came after Musk posted on his X social media platform that Tesla will spend over $500 million on NVIDIA hardware this year. When asked if he would also buy chips from AMD, Musk replied, "Yes." Following Musk's announcement, AMD's shares rose more than 1% after being down in extended trading earlier.