AMD Jumps Another 11%! Can It Break $500 by May?
AMD surged over 11% after Rackspace announced a large-scale AMD AI cloud partnership, adding another marquee commercial use case for the MI300X accelerator and further improving demand visibility. AMD was added to a 'core outperform S&P 500' stock selection list, with analysts citing dual CPU and GPU demand driven by the AI server replacement cycle; shares are now approaching key technical resistance near $460. Can order accumulation drive AMD to beat expectations again this year, or has the market already priced in this AI cloud upcycle near $460?
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