AMD's stock soars, narrowing in on record close as AI optimism swells

Advanced Micro Devices Inc.’s stock is closing in on its record closing high amid a sharp Tuesday surge that reflects growing optimism for the company’s opportunities in artificial intelligence.The stock AMD, +7.17% is up more than 7% in midday action to a recent $157.67. That puts it less than 3% away from its all-time closing high of $161.91 achieved Nov. 29, 2021. AMD’s Tuesday stock rally comes amid a broader gains for chip stocks, with the PHLX Semiconductor Index SOX up 1% despite a slightly negative ...