AMD Shares Jump Over 2% as Sector Rally Drives Dow to Record
AMD•AMD shares rose more than 2% as the Dow climbed 0.6% to a record on a tech-led rebound. Semiconductor stocks outperformed, with Nvidia up 1.3% and AMD among top gainers driven by bargain hunting after a prior valuation pullback.
1. Tech-Driven Market Rally Boosts AMD
U.S. stocks rose sharply Monday as a shift back into technology shares lifted the Dow to a fresh record. The Nasdaq climbed over 2% on strength in both software and semiconductor sectors, with AMD shares advancing more than 2% following last week’s valuation-driven pullback. Investors cited bargain hunting in undervalued chip names after concerns about high multiples triggered recent selling, fueling renewed buying interest in AMD alongside peers like Nvidia and Intel.
