Reported 2 days ago
Sanmina's stock skyrocketed almost 26% on Monday after news of its acquisition of a data center unit from Advanced Micro Devices (AMD), which also saw a significant rise in its stock price due to a multi-year deal to supply technology to AI company OpenAI. The partnership is expected to enhance Sanmina's earnings from the first year post-acquisition as they collaborate on AI component manufacturing.
Source: YAHOO