ByteDance is developing custom CPUs and still turning to AMD; this move is quite a big strategic play.

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MarsBitNews
The U.S. stock market's semiconductor and memory sectors performed strongly during the session, with SanDisk and AMD both rising over 5%.
Mars Finance reported on May 28 that the U.S. stock market's semiconductor and memory sectors rebounded strongly during the trading session, falling initially then rallying. The leading gainers included SanDisk at 5.7%, AMD at 5.2%, Qualcomm at 5.1%, NVDA with a slight increase of 0.1%, MU at 0.9%, STX at 2.06%, and WDC at 2.6%. Reports indicate that ByteDance is developing a custom CPU to support AI demands and is purchasing from AMD.
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