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Wall Street closed higher on Thursday as July PPI data reduced expectations of a September Fed rate hike. Moreover, investors continued to monitor earnings results. The Nasdaq Composite, the Dow and the S&P 500 ended in positive territory

Advanced Micro Devices (NASDAQ:AMD), the semiconductor heavyweight chasing a bigger slice of the AI computing market, priced a massive $4.75 billion senior-note offering as its shares surged approximately 5.6% in Friday morning trading. The timing grabs attention, but investors should separate the two events: AMD’s filing does not say the debt sale triggered the rally.…