Advanced Micro Devices (AMD) stock rises to a new all-time high, on the path to potentially close Thursday with a market cap of $300 billion if it holds onto gains. Yahoo Finance Live monitors the semiconductor stock as Citi analysts remain bullish on the sector as a whole. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
The latest reading on Personal Consumption Expenditures (PCE) showed a rise of 0.4% in January and 2.8% year-over-year. The key metric for the Federal Reserve was in line with expectations and saw its lowest raise in three years. Cleveland Federal Reserve President Loretta Mester joins Yahoo Finance exclusively at 3:30 p.m. to discuss the report. On the earnings front, Dell (DELL) reports after the bell, along with other key names, including Fisker (FSR) and Hewlett Packard Enterprise (HPE). Yahoo Finance trending tickers include Snowflake (SNOW), AMD (AMD), and C3.ai (AI). Key guests include: 3:15 p.m. ET - Sheryl Palmer, Taylor Morrison CEO 4:15 p.m. ET - Simon Khalaf, Marqeta CEO
Chipmaker Advanced Micro Devices is the IBD Stock of the Day as investors take in the latest artificial intelligence news.