Advanced Micro Devices Inc is trading 3.7% up at $526.00 in pre-market action following reports that Samsung Electronics secured new advanced chipmaking orders.
- Samsung reportedly won foundry contracts from Advanced Micro Devices Inc, Google, BYD, and Tesla, signaling increased capacity and strategic diversification away from supply-constrained TSMC.
- The stock is bouncing back after a volatile week for AI-related names, supported by persistent global demand for high-performance semiconductor hardware.
- Broader index futures are also trading modestly higher, providing a supportive macro backdrop for the tech sector.