Tianfeng International: AMD price increases help Nvidia reach new high?

According to Zhitsu Financial APP, at a time when the competition in the AI chip market is heating up, Tianfeng International stated that a price adjustment message from AMD has caused a stir in the industry. AMD is considering raising the average selling price of its Instinct MI350 series AI chips from $15,000 to $25,000, an increase of 70%. After the news came out, AMD's stock price rose 4.32% on Monday, hitting a new all-time high after closing, indicating that the market is currently only focusing on positive news and not paying attention to negative factors.