Mrzorro
04-26

AMD's Rally to All-Time High Sends Short Sellers Retreating


$Advanced Micro Devices(AMD)$  's ascent to an all-time high sent short sellers retreating as growing demand for AI chips and rising spending on data centers propel semiconductor stocks higher.

Trading in borrowed AMD shares that were sold short on Nasdaq and NYSE declined to 4.72 million shares Thursday, from 5.42 million shares a day earlier. That accounted for 10.3% of the shares that changed hands that day, when the stock closed at a record high.

The rally continued Friday, with the stock climbing another 14%, taking AMD's market capital above $550 billion. That underscored how AI demand is rewriting the narrative for semiconductor stocks.

The fresh bout of gains came after Intel's blowout earnings added to mounting evidence of sustained demand growth. D.A. Davidson analyst Gil Luria reportedly raised his price target to $375, from $220, citing "meaningful upside to AMD's estimates," given yesterday's financial results from Intel.


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AMD Earnings: Can CPU and GPU Results Meet Lofty Expectations?
AMD reports next Tuesday, with MI300X/MI350 data center GPU revenue as the primary focus. CHAI AI ecosystem metrics — $80M annualized revenue and valuation talks approaching $2.4B — offer recent proof of commercial traction, while analysts have raised ratings citing stronger-than-expected GPU demand. As hyperscalers accelerate in-house chip development, will AMD deliver a definitive signal that data centers are now its top growth engine — and after recent highs, will you buy or sell ahead of earnings? Could a 'sell the news' reaction materialize?
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