AMD was founded in 1972 and produces computer processors and technologies for the commercial and consumer markets.
Why is AMD stock continuing its meteoric rise? Chip maker’s shares have risen 51% since the beginning of the year.
Tech stocks grew as investors hoped the Fed would ease interest rate hikes.
A well-known semiconductor analyst made comments that spurred stocks of chip makers.
Why invest in AMD stock? Last year, investors avoided tech stocks as interest rates were rising, making tech companies an unreliable investment. Now, the situation has reversed.
The consumer electronics sector has likely bottomed out, and the only way from here is up.
ChatGPT and AI advancements have created a new wave of demand for microchips.
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