Advanced Micro Devices Inc (NASDAQ: AMD) surged 11.37% to close at $235.56, achieving a new 52-week high of $235.87 amid significant trading volume of 154 million shares. The U.S. markets also advanced, with the S&P 500 rising 0.58% and the Nasdaq Composite increasing by 1.12%, driven by renewed interest in artificial intelligence (AI) and semiconductor stocks. Notable peers NVIDIA Corp (NASDAQ: NVDA) and Broadcom Inc (NASDAQ: AVGO) also experienced gains. AMD’s stock boost followed its announcement of a strategic collaboration with OpenAI to deploy up to 6 gigawatts of AMD GPUs. This partnership includes performance milestones that could lead OpenAI to acquire 160 million shares. Further collaboration with IBM and potential talks with Intel have heightened optimism around AMD’s AI venture. Analysts, including Jefferies, have upgraded AMD to “Buy,” while The Motley Fool suggests investors explore various top stocks for substantial returns.
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