AMD stock soars on AI

Advanced Micro Devices (AMD) shares surged over 15% after the company reported quarterly results that beat Wall Street expectations, fueled by massive demand for its AI data center chips.

The company also raised its full-year guidance, signaling it is gaining ground on rival Nvidia.

CEO Lisa Su highlighted the growing demand for central processing units as a key driver of the company's success.

Despite some softness in the gaming sector, the overall outlook for AMD remains bullish.