AMD Stock Popped Today: Is It a Buy?
AMDAMD(AMD) The Motley Fool·2024-08-01 01:35

AMD is jumping on the AI bandwagon.Shares of Advanced Micro Devices (AMD 3.45%) were flying higher today, sparking a broad recovery in the chip sector as AMD reported soaring demand in its data center and client, or PC-based, segments.While overall revenue growth was dragged down by weaker performance, investors focused on the strength in the data center segment, which reflects the growing demand for GPUs and related components to run new AI models. AMD is making progressInvestors had been waiting for AMD t ...