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AMD Stock Surges 8% on AI Optimism Following Nvidia Earnings

AMD Stock Surges 8% on AI Optimism Following Nvidia Earnings

Author:

Global Cryptocurrency

Published:

2025-11-20 10:29:02

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AMD shares rallied sharply on November 20, 2025, climbing as much as 8% intraday to $235.50 before settling at $233.49. The MOVE came amid broad semiconductor sector strength following Nvidia's earnings report, with trading volume hitting 52 million shares.

Wall Street analysts turned increasingly bullish, with Wells Fargo, Evercore ISI, and Mizuho issuing upgrades and price targets up to $300. The consensus view highlights AMD's strengthening position in AI chips, underscored by new partnerships with Cisco Systems and Saudi startup Humain for AI-focused data centers.

The stock has staged a remarkable recovery from its 52-week low of $76.48, now approaching its record high of $267.08 set during the peak of the AI investment boom. Technical indicators show bullish crossovers across multiple timeframes.

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