NasdaqGS:AMDSemiconductor
Advanced Micro Devices (AMD) Exits Russell Top 50 Index Amid Chip Stock Surge
Advanced Micro Devices (AMD) reported a notable 76% increase in its share price over the last quarter, coinciding with significant partnerships and strategic alliances that potentially buttressed this performance. Oracle's deployment of AMD's Instinct MI355X GPUs may have enhanced AMD's appeal amid its expanding influence in AI and cloud sectors. However, AMD's exit from the Russell Top 50 Index presented a contrast against broader rallying of chip stocks spurred by a strong tech market...