Advanced Micro Devices, Inc. (AMD)

The company now

AMD said on 28 September that it has signed a definitive agreement to acquire World Labs, the AI research lab led by Fei-Fei Li, in an all-stock deal valued at about $8.2 billion 4.

The company expects it to close by the end of 2026, subject to regulatory approvals 4. Li would join AMD as executive vice president and chief scientist, reporting to chair and chief executive Lisa Su 4.

AMD's filing says the number of shares is not yet known and will be set from a trading average over ten days before closing 3. AMD says the lab's models will show it how AI workloads are changing and help shape its chip roadmaps 4.

Second quarter 2026 revenue was a record $11.5 billion, up 50 percent from a year earlier, and Data Center revenue of $6.7 billion more than doubled, up 107 percent 1. Finance chief Jean Hu said Data Center was 58 percent of revenue and that AMD expects its sales to accelerate in the second half of 2026 1.

For the third quarter AMD expects revenue of approximately $13 billion, plus or minus $300 million 1. It reports those results on 3 November after the market close 11. What stays open is regulatory approval of World Labs and the final count of shares to be issued 34.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.