Shares of Advanced Micro Devices (AMD) and Dell Technologies (DELL) are moving in pre-market trading as the AI rally continues to ride high. AMD has reached a $300 billion market valuation, while Dell has received new orders for one of its chips. Shipping for the novel technology will begin this quarter, according to a note from Melius Research. Yahoo Finance Senior Reporter Jared Blikre joins the Live show to break down the latest movements for these companies. 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 Nicholas Jacobino
Stock Market Today: The Dow Jones dropped Friday after a key inflation survey. Chip giant AMD stock surged to record highs.
The tech-heavy Nasdaq closed at a record high on Thursday, spurred by gains in AI-linked stocks such as heavyweight chip designer Nvidia and its rival Advanced Micro Devices, which hit an all-time peak. Shares of Nvidia, the key driver of the AI-led rally on Wall Street this year, were up 1.4%, while those of Advanced Micro Devices climbed 3.1% after a 9% surge in the previous session.