Posted 3/1/2024, 10:41:00 PM
AMD Stock Surges on AI Growth Prospects, Dell Earnings Add Further Momentum
- AMD stock jumped over 5% on Friday due to renewed bullishness around AI and growth opportunities
- Dell's strong Q4 earnings and outlook is driving further momentum in AI/chip stocks
- Dell sees strong demand for its AI servers through 2025, stock up 32%
- AMD stock now up 158% in the last year due to AI excitement, trades at rich valuations
- AMD guidance has sales flat in Q1, but growth expected to accelerate driven by AI