Advanced Micro Devices Inc is trading at $541.77 (+5.90%) as technology shares extend a broad risk-on move.
- Recent analyst upgrades by Citi and Bank of America, highlighting AMD's AI GPU upside and expanding role in AI hardware, are boosting investor confidence.
- AMD also recently outlined plans for a £2 billion investment in UK AI supercomputing initiatives over five years.
- The broader market is supported by cooling inflation concerns and lower crude prices following a US-Iran peace deal, with Nasdaq futures trending higher.