Why AMD stock is surging

In 2024, semiconductor stocks generally saw outsized returns on account of the artificial intelligence boom. Well, most of them did, anyway — with notable exceptions including Intel (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD).While Intel’s woes are relatively straightforward — abrupt leadership changes, restructuring, and delay after delay with regard to bootstrapping manufacturing, all occurring while losses continued to mount, the reasons why AMD stock failed to capitalize on the ongoing AI ra ...