Advanced Micro Devices is trading at $547.36, up 3.52%, as U.S. chip stocks recover after last week’s selloff.
- On October 19, Reuters reported lower Treasury yields and easing crude prices supported the broader AI trade.
- Investors positioned ahead of major earnings reports this week.
- Reuters also reported the Philadelphia chip index had fallen for eight straight sessions, pointing to a sector rebound rather than a distinct company-specific catalyst.