AMD Stock Tops $300 Billion Market Value as AI Chip Demand Fuels Rally
• AMD stock jumped over 9% to surpass $300 billion market cap for the first time
• Shares have more than doubled since October as AMD is seen as a top AI/chip stock
• Citi wrote AMD is one of its "wildly bullish" stock picks along with Nvidia and Broadcom
• AMD trades at nearly 50x earnings, making it far pricier than Nvidia's 32x multiple
• While most analysts recommend buying, shares are already at average price target