AMD is trading higher in pre-market, recovering from yesterday's dip as investors focus on the company's strong AI positioning and anticipation of the Q4 earnings report in early February.
- The stock is trading at $253.71, up 0.95% in pre-market trading.
- Recent strength is attributed to weakness in Intel and AMD's strategic AI positioning via its Instinct accelerators and the upcoming Helios rack-scale solution.
- Analyst forecasts anticipate accelerated revenue growth driven by the launch of the MI450 and new deals with major partners like OpenAI and Oracle.