AMD Stock Attracts Investors as Concerns Grow Over Nvidia’s Future

Shares of Advanced Micro Devices (AMD) rose 2.9% in pre-market trading, driven by reports of a potential management crisis at Nvidia—a situation that has prompted investors to turn toward AMD as the primary alternative in the AI ​​chip sector.

The stock also received a boost following an upgrade from Oppenheimer to an "outperform" rating, Google’s selection of AMD processors to power its AI systems, and AMD’s investment in the AI ​​company Anthropic.

Momentum was further bolstered by a 31% year-over-year increase in server processor shipments during the third quarter, even as the Nasdaq and S&P 500 indices trended lower ahead of the market open.