AMD and Super Micro Forecasts Drive US Chipmaker Rally
AMD shares jumped nearly 18 percent after the company raised its growth outlook for AI infrastructure. Super Micro also rose following a strong forecast.
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ADVANCED MICRO DEVICES sparked a broad semiconductor rally on Wednesday after raising its server CPU market growth forecast to more than 35% annually through 2030. The upbeat outlook drove AMD shares up 18% in premarket trading, positioning the stock for a record high. Investors are betting that autonomous agentic AI systems will broaden hardware demand beyond training chips into general-purpose processors.
