AMD Stock Shrugs Off Lukewarm Analyst Coverage with Nvidia's (NVDA) Help
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AMD stock rose nearly 2% on Thursday despite lukewarm analyst coverage, buoyed by Nvidia's strong earnings report, which alleviated concerns about an AI bubble. Nvidia's results have renewed interest in AI component companies, benefiting AMD and others. AMD's stock has surged 88.72% year-to-date and 62.59% over the past 12 months. CEO Lisa Su is optimistic about the AI data center market, projecting it to reach $1 trillion by 2030, with AMD aiming to be a key supplier.
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