AMDC is trading at $21.00, up 9.4% in pre-market action, extending a sharp recovery in the semiconductor and AI sectors.

  • The rally is driven by blowout Azure AI results from Microsoft and strong Amazon earnings, which have significantly boosted sentiment across high-beta chip names.
  • Cooler-than-expected PCE inflation data has further supported the move, reinforcing market expectations for easier Federal Reserve policy.
  • This pre-market surge follows a massive 23% gain on July 30, as Nasdaq futures signal continued momentum for the broader technology sector.