AMD Stock Rises On Nvidia's Blowout Quarter And AI Momentum

Shares of Advanced Micro Devices Inc AMD rose 0.74% to $113.67 early Thursday, moving in tandem with Nvidia Corp, which jumped nearly 6% following a standout earnings report. Nvidia's first-quarter results exceeded expectations, driven by surging demand for its data center and AI-related products.

What To Know: Nvidia posted first-quarter revenue of $44.1 billion, up 69% year-over-year and ahead of Wall Street's $43.2 billion estimate. Adjusted earnings per share came in at 96 cents, excluding a $4.5 billion charge related to U.S. export restrictions on China-bound H20 chips. Data center revenue soared 73% to $39.1 billion, while gaming and AI PC revenue jumped 42%.

Despite losing $8 billion in potential second-quarter revenue due to export controls, Nvidia still guided for second-quarter revenue of $45 billion, underscoring continued strength in global AI demand. Analysts responded positively, with several reiterating Buy ratings and raising price targets as high as $200.

AMD shares climbed alongside Nvidia, as investors bet on continued momentum across the semiconductor sector, especially amid global investments in AI infrastructure. Reports of Japan planning to import $7 billion in U.S. chips also boosted sentiment for AMD and peers.

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How To Buy AMD Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Advanced Micro Devices’ case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, AMD has a 52-week high of $187.28 and a 52-week low of $76.48.