Advanced Micro Devices is trading 3% up at $537.69 in pre-market action, rebounding after a volatile week of large-cap AI and tech spending concerns.
- The company signed a memorandum of understanding with South Korea to build national AI computing infrastructure, signaling continued momentum in the global AI race.
- Shares are benefiting from a broader risk-on move in the technology sector as oil prices fall and major indices trend higher.
- The recovery follows a period of market volatility where investors questioned the sustainability of massive AI-related capital expenditures.