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AMD buys $6.5 million of surging tech stock
Key takeaways
- Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.4% in the same period.
- The company has outpaced the S&P 500 by a huge margin.
- AMD is a semiconductor company that makes CPUs and GPUs, and its stock has rallied amid the AI boom.
AMD buys $6.5 million of surging tech stock Vuk Zdinjak Mon, May 18, 2026 at 3:07 AM GMT+7 4 min read AMD ^GSPC INTC META Advanced Micro Devices (AMD) has gained about 98% year to date, according to Yahoo Finance at the time of writing, Sunday morning, May 17. Meanwhile, the SPDR S&P 500 index (SPY) is up about 8.4% in the same period.
The company has outpaced the S&P 500 by a huge margin. That is impressive, but what is driving these gains?
AMD is a semiconductor company that makes CPUs and GPUs, and its stock has rallied amid the AI boom.
Article preview — originally published by Yahoo Finance. Full story at the source.
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