AMD stock rises in premarket as Lisa Su’s CES keynote puts AI chips in focus
AMD shares rose 2.8% to $229.73 in premarket trading ahead of CEO Lisa Su’s CES keynote scheduled for Monday night. Foxconn’s record fourth-quarter revenue, driven by AI server demand, lifted chip stocks broadly. Investors are also awaiting U.S. ISM factory data and Friday’s monthly jobs report. AMD’s move put it above Friday’s intraday high but below its 52-week peak.