AMD Leads Chip Rally With 7% Gain: The Top GPU Play?
AMD surged 6.98%, leading the semiconductor sector as the U.S.-Iran agreement triggered broad risk-on buying, with the high-beta name delivering outsized gains. Momentum continues to build following Citi's upgrade to Buy, labeling AMD an "emerging force" in the GPU market, with MI-series accelerator share expectations running hot. The broader chip complex rebounded violently — SOXL +16% — but the whiplash from last week's selloff to this week's euphoria signals volatility is far from over. Will you chase AMD's leadership here, or wait for a pullback to re-enter?