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.

US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.

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.

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.

Both the S&P 500 and Nasdaq Composite indexes are hovering around all-time highs. Unsurprisingly, a euphoric narrative surrounding all things touching artificial intelligence (AI) has helped fuel stock prices into the stratosphere.

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,

NEW YORK: Futures tracking the Nasdaq and the S&P 500 rose today, as strong results from Taiwan’s TSMC boosted chipmakers after a rollercoaster session marked by concerns about the Federal Reserve’s (Fed) independence.

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.