Chip Stocks AMD and ARM Surge on High CPU Demand for AI

Shares of Advanced Micro Devices (AMD) and ARM Holdings are experiencing a surge, with UBS predicting further gains, driven by strong demand for CPUs from hyperscalers powering AI models.

24 Jun, 12:12 — 24 Jun, 12:12

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cnbcMostly Factual28d ago

These chip stocks are surging due to sky-high CPU demand. UBS sees more gains ahead

Advanced Micro Devices and ARM Holdings could see their shares appreciate further as hyperscalers order more CPUs to power their AI models, according to UBS.

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Chip Stocks AMD and ARM Surge on High CPU Demand for AI

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These chip stocks are surging due to sky-high CPU demand. UBS sees more gains ahead

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