According to StockMKTNewz, AMD officially announced during an AMD event that Elon Musk’s AI startup xAI is utilizing AMD’s MI300 AI chips. This confirmation strengthens AMD’s position in the competitive AI hardware market and is likely to influence trading sentiment for AMD (NASDAQ: AMD) stock. The news could also boost interest in AI-related cryptocurrencies and tokens, as partnerships between leading tech figures and AI chip manufacturers often lead to increased speculation and trading in related crypto assets (Source: StockMKTNewz, June 12, 2025).