Advanced Micro Devices, Inc. (NASAQ:AMD) shares are trading higher Monday after the company and International Business Machines Corporation (NYSE:IBM) announced plans to deploy AMD instinct MI300X accelerators on the IBM cloud.
The Details: The MI300X accelerators, expected to be released in the first half of 2025, aim to enhance performance and power efficiency for generative artificial intelligence models and high-performance computing applications used by enterprise clients.
Furthermore, this collaboration will also bring support for AMD Instinct MI300X accelerators to IBM's Watsonx AI and data platform, as well as provide AI inferencing capabilities for Red Hat Enterprise Linux
"AMD and IBM Cloud share the same vision around bringing AI to enterprises. We're committed to bringing the power of AI to enterprise clients, helping them prioritize their outcomes and ensuring they have the power of choice when it comes to their AI deployments," said Alan Peacock, General Manager of IBM Cloud.
"Leveraging AMD's accelerators on IBM Cloud will give our enterprise clients another option to scale to meet their enterprise AI needs, while also aiming to help them optimize cost and performance."
How To Buy Advanced Micro Devices Stock
By now you're likely curious about how to participate in the market for Advanced Micro Devices – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the case of Advanced Micro Devices, which is trading at $139.49 as of publishing time, $100 would buy you 0.72 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
AMD Price Action: At the time of writing, AMD shares are moving 4.06% higher at $140.38, according to data form Benzinga Pro.
Image: Image via Shutterstock
