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Why Is Advanced Micro Devices (AMD) Stock Jumping Today?

Key Points Oracle's 455billionincontractedobligationssurged4xyearoveryear,showingdemandforAIisstillgoingstrong.AMDandotherchipstockswillbenefitfromthe455 billion in contracted obligations surged 4x year over year, showing demand for AI is still going strong. AMD and other chip stocks will benefit from the 35 billion in capex the company plans to spend next year. 10 stocks we like better than Advanced Micro Devices › Shares of Advanced Micro Devices (NASDAQ: AMD) are rising on Wednesday, up 2.2% as of 2:19 p.m. ET but were up as much as 5.6% earlier in the day. The gain comes as the S&P 500 and the Nasdaq Composite gained 0. ...