Why Advanced Micro Devices Stock Gained 10% in September

Excitement is building for AMD's upcoming AI event.Shares of Advanced Micro Devices (AMD 4.69%) were moving higher last month as the result of a number of news items, the Federal Reserve's 50-basis-point cut, and a general tailwind in the semiconductor sector.According to data from S&P Global Market Intelligence, the stock finished the month up 10%. As you can see from the chart below, the stock's movement mirrored that of the VanEck Semiconductor ETF, but it gained at a higher rate, showing that while it w ...