Riot's Shares Surge 8% Following Expansion of AMD Data Center Partnership, Marking Strategic Shift Towards AI
Shares of Riot Platforms (RIOT) experienced a significant 8% increase on Friday, driven by the announcement that Advanced Micro Devices (AMD) would be expanding its capacity at Riot's Rockdale, Texas campus. This development highlights Riot's ongoing transition from bitcoin mining to artificial intelligence and high-performance computing. According to the company's Q1 financial results, AMD has e…