Why AMD Stock Jumped Today
Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 9% on Wednesday after the artificial intelligence (AI) chipmaker laid out a promising growth trajectory for investors at its Financial Analyst Day event.
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The semiconductor designer forecasts revenue gains of more than 35% annually over the next three-to-five years, fueled by 60% annual growth in its data center business.
Source Fool.com
