Why AMD Stock Surged to a New All-Time High Today

Shares of Advanced Micro Devices (NASDAQ: AMD) jumped on Monday after the chipmaker said it had won business from Facebook's parent company, Meta Platforms (NASDAQ: FB). 

By the close of trading, AMD's stock price was up 10% to a record closing high of $150.16 per share. 

During its Accelerated Data Center Premiere virtual event, AMD debuted an array of new product offerings, including high-performance chips designed to help the semiconductor leader gain share in the fast-growing artificial intelligence market.

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Source Fool.com