AMD (Advanced Micro Devices) Stock News

Su, who holds roughly 4.7 million AMD shares, had her net worth increase by $123 million (7.9%) to $1.7 billion on the chipmaker's stock jump.

Nvidia stock struggled for direction on Wednesday as growing optimism around Advanced Micro Devices' (AMD) long-term prospects in artificial intelligence reignited debate over whether Nvidia's dominance in the AI chip market could soon face a credible challenge. Shares of Nvidia were up 1.4% to $195.

The share price of American semiconductor giant Advanced Micro Devices (NASDAQ: AMD) is on a bullish run as investors react to the company's projected profit growth.

Advanced Micro Devices shares are getting a boost from its outlook.

Analysts at Bank of America just reiterated a buy rating on Nvidia. The firm says NVDA is well-positioned for healthcare and artificial intelligence.

Wall Street analysts gave positive but cautious takes on the long-term strategy outlined by chipmaker Advanced Micro Devices.

The company still needs a few big deals to move toward its ambition of a double-digit share of the AI data-center market.

AMD headlined broader growth among the tech-heavy Nasdaq, which advanced 0.1% early Wednesday. Other gains were posted by Qualcomm (up 1.4%), Micron Technology (1.3%), Adobe (0.9%), Nvidia (0.5%), Intel (0.2%) and Amazon (0.2%).