#AI Demand Confirmed: AMD Surges 8%! Chase Now or Wait for a Pullback? Advanced Micro Devices (AMD) jumped 8.10% today after Nvidia’s blockbuster earnings strongly reaffirmed robust AI compute demand. This is clearly lifting visibility for AMD’s MI300X series in the data center GPU market. AMD posted the second-largest gain among major chip stocks today, only behind ARM. The halo effect from Nvidia is working overtime. However, a few things to consider: • Valuation has stretched even further after this move • No major independent catalyst for AMD until its own next earnings • This rally feels largely driven by Nvidia’s momentum rather than AMD-specific news So the real question is: Is this genuine demand confirmation for AMD, or just a momentum-driven coattail trade? Are you buying the str