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Why AMD Stock Is Surging Today

TheMotleyFool

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Advanced Micro Devices (NASDAQ: AMD) stock is climbing today thanks to strong results from another player in the artificial intelligence (AI) space. The company's share price was up 1.8% as of 3 p.m. ET and had been up as much as 5.6% earlier in the session.

After the market closed yesterday, Oracle published results for the first quarter of its current fiscal year, which ended Aug. 31. The company posted sales and earnings that fell short of the market's expectations, but it issued forward guidance that's powering a big rally for its own shares and other AI stocks.

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Source Fool.com