AMD stock rose 0.1% as Wall Street cheered the announcement that Amazon would buy a majority stake in its online retailer.
The deal will allow Amazon to become a dominant player in the online retail market.
The company is expected to create hundreds of thousands of jobs.
Amazon will own an estimated 15% of the shares.
The news is a victory for the U.S. government, which has been trying to contain a rise in online piracy.
The Justice Department is investigating whether Amazon is abusing its dominant position in the e-commerce industry.
In addition to the stock, Amazon also announced that it will sell its software division to Google for $3.6 billion.
The deal is expected close in the fourth quarter.