Why AMD Stock Managed to Post Big Gains in This Week's Volatile Trading
AI stocks got hit hard this week, but AMD managed to buck the trend.Advanced Micro Devices (AMD 0.46%) stock managed to close out the past week of trading with substantial gains despite bearish momentum for artificial intelligence (AI). The company's share price gained 5.7% across the stretch. Meanwhile, the S&P 500 inched 0.1% higher after some big swings, and the Nasdaq Composite declined 0.5%.AMD's valuation defied valuation gravity impacting AI stocks thanks to a strong showing at its investor day confe ...