AMD stock climbs 12% as Intel earnings signal CPU boom for AI

Intel's better-than-expected results prompted analysts to upgrade AMD, its main CPU rival, citing surging demand from agentic AI workloads

NurPhoto / Getty Images

AMD $AMD stock climbed about 12% Friday on no company-specific news, lifted instead by Intel $INTC's quarterly earnings report, which showed unexpectedly strong demand for central processing units from companies building out artificial intelligence infrastructure.

Multiple Wall Street analysts responded to Intel's report by upgrading AMD, viewing the CPU tailwinds as broadly favorable for the sector. Barron's noted that Arm Holdings shares gained 11% on the day as........

© Quartz