AMD stock hits all-time high, up 34% today – why AMD is Surging today and is it a buy?
Year-to-date, AMD shares have climbed 90%, far outpacing the Philadelphia Semiconductor Index’s 32% gain. AI revenue now accounts for 21% of total sales, driven by rapid datacenter demand. Q2 revenue hit 8.7 billion. IBM also adopted AMD chips for quantum computing, using FPGA processors to correct errors and accelerate computation. IBM noted these chips are cost-effective, boosting AMD’s credibility in next-generation technologies. Wall Street is ...