AMD Stock Soars Past $300 Billion As AI Boom Fuels Chip Demand
• AMD stock crossed $300B market cap on February 29 after shares closed 9.1% higher • Bullishness for semiconductor stocks due to expanding AI market and generative AI wave • AMD considered second-best player in AI market behind NVIDIA • AMD expected to benefit from robust demand for chips powering AI computing • AMD has Strong Buy analyst consensus rating; stock up 31% year-to-date and 146% in past year