Advanced Micro Devices initiates senior notes offering for corporate use
4X-image/iStock via Getty Images


Advanced Micro Devices (NASDAQ:AMD) +0.4% on Tuesday revealed its plan to raise capital in an underwritten public offering of its senior notes.
The semiconductor giant plans to use the net proceeds from this offering for general corporate purposes.
On Monday, AMD announced its collaboration with Chinese EV manufacturer NIO (NYSE:NIO) to supply chips to the Chinese electric vehicle. That will see the use of AMD's EPYC family of processors in NIO's high-performance computing platform.

AMD remains on investors' radar for its big day of investor events scheduled for June 9. The stock gets a mention on Seeking Alpha Catalyst Watch for price volatility as analysts think AMD's three-year sales growth forecast could be the most closely debated metric of the presentation with tailwinds for the chipmaker like data center share gains and Xilinx synergies running up against headwinds like PC weakness and console cyclicality.
In the detailed analysis of the stock, Seeking Alpha's contributor The Alpha Sieve explains: "Is AMD Stock A Buy, Sell, Or Hold Now?"