AMD shares jump about 7% to record high on AI demand
Advanced Micro Devices shares rose about 7% Monday, reaching an all-time high as renewed optimism about AI demand lifted semiconductor stocks.
Story updates
03:51:11 PM UTC
SquawkNews
Advanced Micro Devices NASDAQ:AMD, the CPU and AI-accelerator designer, surged roughly 8.7% to $607.30 Monday as Meta's Muse launch pushed investors to rethink how much computing power persistent AI agents could demand. The move puts AMD firmly inside the broader chip rally as the market looks beyo…
Advanced Micro Devices NASDAQ:AMD shares rose about 7% in Monday trading, reaching an all-time high as renewed optimism around artificial-intelligence demand supported semiconductor stocks broadly. The advance came after fresh signs that demand for AI computing remains firm. South Korean expor…