AMD Surges Over 17% as Strong Earnings, AI Growth Outlook Drive Investor Optimism
Advanced Micro Devices (NASDAQ:AMD) rose nearly 17% in premarket trading after reporting better-than-expected earnings and raising its growth forecast for the CPU market. The stock's rally was fueled by strong demand from the artificial intelligence sector and a new $60 billion chip supply agreement with Meta, as well as upgraded analyst ratings.
Topics: AI AMD earnings beat analyst upgrades data center growth