Reported 15 days ago
On Wednesday, chip stocks made significant gains, with Advanced Micro Devices (AMD) rising about 8%, making it one of the top performers in the S&P 500. Driving this increase is ongoing optimism about AI-related spending, despite concerns about a potential bubble. The PHLX Semiconductor Index also saw a rise of 2.5%. Recent partnerships, including one with Oracle, have bolstered AMD's position, while overall enthusiasm for AI investments continues to attract investor interest in the semiconductor sector.
Source: YAHOO