Advanced Micro Devices Inc. went against the grain this past week as shares not only outperformed AI-rivals like Nvidia Corp. on Friday, but finished the week higher when the rest of the sector sold off.
AMD AMD shares rose 2.4% Friday to close at $115.82, or for a 2.6% gain on week, while Nvidia NVDA shares gained 0.4% on the day to close at $446.80, but finished at a loss of 4.4% on the week. In comparison, the PHLX Semiconductor Index SOX declined 0.2% Friday for a 4% weekly drop. Nvidia reports its earnings after the…
