Advanced Micro Devices (AMD) hosts its Advancing AI event in San Francisco on July 22-3, and Jefferies expects a busy day. To land OpenAI and Meta Platforms (META), each committing to six gigawatts of chips, AMD handed both companies warrants to buy up to 160 million shares. It would show AMD can win serious AI customers on the strength of its chips rather than on incentives. About AMD StockAdvanced Micro Devices designs high-performance semiconductors for data centers, personal computers, artificial intelligence, embedded applications, and gaming. In the last 5 days, though, the stock has fallen 5.77%, mainly due to a broader selloff across semiconductor stocks.