AMD stock price rebounds late Friday as chip rally steadies after earnings rout
AMD shares jumped 8.2% to $208.28 Friday, rebounding after a two-day post-earnings drop. The Philadelphia Semiconductor Index rose 5.2%, snapping a three-day slide. Investors shifted back into chipmakers on optimism over Big Tech AI spending. Cathie Wood’s Ark Investment bought over 141,000 AMD shares this week.