AI stocks have been ripping — but this major chip name just surged over 45% in the past month, and momentum keeps building.
The company is Advanced Micro Devices (AMD) — and it’s quickly becoming one of the hottest stories in the AI hardware race. AMD’s MI300 series chips are finally delivering on the hype, powering next-generation AI training and inference workloads at scale — and major customers are taking notice.
What’s driving the surge? AMD’s latest update showed explosive demand for its AI accelerators, with record data center revenue and growing adoption across cloud giants like Microsoft and Oracle. Investors are betting that AMD can take meaningful share from Nvidia in the fast-expanding AI GPU market — a trillion-dollar frontier still in its early innings.
After months of consolidation, AMD’s breakout above key resistance ignited fresh buying interest, as traders piled back into high-beta AI names. With the company expanding production and securing new partnerships in the AI and defense sectors, the setup now looks stronger than it has all year.
If momentum continues, AMD could be entering its next major leg higher — positioning itself as the underdog challenger to Nvidia’s dominance in the global AI chip war. traders are already comparing this to past breakout chip runs like AEHR or SMCI.
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