"AI-Fueled Rally Sends AMD Stock Soaring Past $300 Billion Market Cap"
TL;DR Summary
Shares of AMD and Dell are surging in pre-market trading as the AI rally continues, with AMD reaching a $300 billion market valuation and Dell receiving new orders for one of its chips. The surge is attributed to the tie-in with AI, as AMD's new chip, the MI300X, is set to start shipping this quarter and is expected to boost the company's data center segment. Despite concerns about lagging behind Nvidia in AI technology, AMD is gaining momentum and investor attention.
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- AMD (NASDAQ:AMD) Stock Crosses $300B Market Cap TipRanks
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