Benzingaยท2025-06-11 21:29Core Insights - Advanced Micro Devices, Inc. (AMD) and Cisco Systems, Inc. (CSCO) are investing in a Saudi AI-related cloud project, which has positively impacted their stock prices in extended trading sessions [1][3] - Both companies have joined HUMAIN's alliance to develop AI infrastructure in Saudi Arabia, indicating a strategic move towards enhancing their presence in the AI sector [1][2] Company Actions - Cisco's CEO Chuck Robbins emphasized the importance of intelligent and secure implementation of AI in the Gulf region, highlighting the company's commitment to maximizing value for various stakeholders [2] - AMD's CEO Dr. Lisa Su described the investment with HUMAIN as a significant milestone in advancing global AI infrastructure, aiming to create a platform with unprecedented performance and reach [3] Stock Performance - In extended trading, AMD shares increased by 0.59% to $121.85, while Cisco shares rose by 0.95% to $64.80, reflecting positive market sentiment following the announcements [3]