Bloomberg: AMD's market value soared, surpassing $300 billion.

Based on observations from the semiconductor industry and information from Bloomberg, Advanced Micro Devices Inc. saw a significant increase in stock price on Thursday, continuing its surge to set a new record among a series of records this year. The stock rose by 9.1%, pushing the company's market value above $300 billion for the first time. The stock has more than doubled since its low point in October. The company is considered one of the major beneficiaries of artificial intelligence, and last month, optimism about new AI processors helped AMD's stock recover from weak forecasts. Earlier on Thursday, Citigroup wrote that it remains "extremely bullish on semiconductors," especially with the "continuing growth of the AI market," as various businesses and organizations are purchasing AI chips. The company ranks AMD, Nvidia Corp., and Broadcom Inc. as some of its favored stocks. However, despite the recent surge, the stock does not appear cheap. Its price-to-earnings ratio is close to 50 times the expected P/E ratio, much higher than industry leader Nvidia's P/E ratio of 32 times, which is relatively moderate. AMD's data center chips hit a record, with GPU sales reaching $3.8 billion. AMD announced its financial performance for the fourth quarter of 2023 and the entire fiscal year. The company achieved strong results at the end of this year, with its data center GPU business growing due to increased demand from the AI boom.