Is AMD stock overreacting to the Nvidia-Intel partnership today?

Core Viewpoint - Investors are optimistic about Intel Corp following Nvidia Corp's announcement of a $5 billion investment in the semiconductor company [1] Group 1 - Nvidia Corp is recognized as a leading player in the AI chip market [1] - The $5 billion investment is seen as a significant boost for Intel, which has been facing challenges in the semiconductor industry [1]