AMD Stock Soars 3.13% on AI Chip Market Momentum

On March 24, 2025, Advanced Micro Devices Inc. (AMD) saw a 3.13% rise in pre-market trading.

Advanced Micro Devices Inc. (AMD) has been in the spotlight due to its involvement in the AI chip market. The company's former employee, June Paik, now leads FuriosaAI, a Korean chip startup that has developed a second-generation processor, RNGD, to compete with industry leaders like Nvidia and other startups. FuriosaAI's decision to remain independent and its plans for an IPO have drawn attention to AMD's role in the AI chip sector.

Additionally, Ant Group, a Chinese technology company, has been using AMD chips along with other domestic semiconductors to train AI models. This shift towards using AMD and other Chinese chips has been driven by cost savings and the desire to reduce reliance on foreign technology. Ant Group's use of AMD chips highlights the growing demand for AI-capable semiconductors and AMD's position in the market.