Why AMD Stock Popped Wednesday Morning
Things are looking up for the artificial intelligence (AI) and semiconductor specialist.
Shares of Advanced Micro Devices (NASDAQ: AMD), commonly referred to as AMD, charged sharply higher on Wednesday, gaining as much as 8.9%. As of 11:34 a.m. ET, the stock was still up 4.9%.
There were multiple positive catalysts that fueled the artificial intelligence (AI) specialist's rally, including beneficial regulatory changes, rising Wall Street sentiment, and plans for a robust share buyback.
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