Why Is Advanced Micro Devices (AMD) Stock Jumping Today?

Key Points Oracle's $455 billion in contracted obligations surged 4x year over year, showing demand for AI is still going strong. AMD and other chip stocks will benefit from the $35 billion in capex the company plans to spend next year. 10 stocks we like better than Advanced Micro Devices › Shares of Advanced Micro Devices (NASDAQ: AMD) are rising on Wednesday, up 2.2% as of 2:19 p.m. ET but were up as much as 5.6% earlier in the day. The gain comes as the S&P 500 and the Nasdaq Composite gained 0. ...