Advanced Micro Devices is trading 3.1% up at $551.00 in pre-market, rebounding alongside the broader semiconductor sector following yesterday's sell-off.
- The move follows a sector-wide decline triggered by SK Hynix’s profit warning, with investors now showing renewed optimism for AI-driven demand.
- The upward momentum is attributed to a general recovery in chip stocks rather than any company-specific news or announcements from AMD overnight.