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Stock Market 28 May 2026

AMD Stock Is Running Hot Again as Wall Street Chases the Next Big AI Winner

AMD Stock Is Running Hot Again as Wall Street Chases the Next Big AI Winner

Advanced Micro Devices shares jumped more than 5% in midday trading on Thursday, outpacing Nvidia and Intel as investors moved back into chip names after a brief pause in the artificial-intelligence rally. AMD traded at $520.93, up 5.1%, with an intraday high of $526.90; Nvidia rose 0.5%, while Intel slipped 0.4%. The iShares Semiconductor ETF gained 1.9%, and the Nasdaq-100 tracker QQQ rose 0.9%.

Stock Market Today

  • Virax Biolabs Signs Exclusive Supply Pact With Fosun Diagnostics for Southeast Asia
    July 9, 2026, 8:49 AM EDT. Virax Biolabs Group Limited (NASDAQ: VRAX) has landed an exclusive commercial supply deal with Fosun Diagnostics to cover six Southeast Asian countries: Thailand, Vietnam, Indonesia, the Philippines, Singapore, and Malaysia. The agreement is for Virax's ImmuneSelect immune profiling products, separate from its diagnostic platform that's still in the works. Virax can now supply products right away through purchase orders, eyeing near-term revenue and a wider regional presence. Fosun Diagnostics, under Fosun Pharma, will use its network for distribution across the region. The agreement leaves room for more products, higher volume, and the chance of OEM or private-label deals down the line. Pricing is set up for scale. The deal moves Virax further into the ASEAN diagnostics market.
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