Stock Market Today: AMD Surges 5.7% Despite Earnings Headwinds as Chip Stocks Rally

AMD surged nearly 6% Tuesday as semiconductor stocks climbed broadly on renewed hopes for tariff exemptions for U.S.-based chipmakers.Advanced Micro Devices (AMD 5.54%) surged 5.7% Tuesday to close at $172.40, gaining ground despite a mixed Q2 earnings report. The stock saw a sharp spike in trading volume, with 94.4 million shares exchanged, nearly 80% above its three-month average of 53 million. AMD stock trades about 5.5% below its 52-week high of $182.50.The broader market showed a split tone. The Nasdaq ...