Advanced Micro Devices, Inc.'s AI strategy and market momentum challenge Nvidia's dominance. Click for my updated look at how AMD is restoring investor confidence.

Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures.Another big inflation report is due before the open, along with earnings from chip-gear giant ASMLASML as well as Goldman SachsGS.

Key Points AMD stock is soaring following news that Nvidia will receive licensing approval to sell its H20 processors in China. Export approvals for Nvidia's H20 suggest that AMD's own AI processors for the Chinese market could receive the necessary licenses.

OpenAI, Mira Murati, has raised $2B in a funding round for her new artificial intelligence startup, Thinking Machines Lab. Andreessen Horowitz, a16z, led the funding round, which included participation by Nvidia (NASDAQ:NVDA),

Advanced Micro Devices Inc (NASDAQ: AMD) closed higher on Thursday after HSBC analysts led by Frank Lee raised their price objective on the semiconductor firm to $200. Lee cited AMD’s new MI350 series GPUs for the bullish view,

Micron Technology manufactures and sells memory chips that are used for both computing and storage purposes, and the likes of AMD and Nvidia are its customers. In fact, just like AMD, Micron's memory chips are used in AI accelerators such as GPUs and custom processors, PCs, and the smartphone and automotive end markets.

Explore Advanced Micro Devices, Inc.'s AI-driven growth strategy, key Q2 drivers, and the path to a $1T valuation. Click for my AMD update and earnings preview.

Advanced Micro Devices' (NASDAQ: AMD) price action provided a clear signal that it would move higher in 2025 when it broke fresh highs in July. The move to new highs took the market above a