AMD is trading at $245.92 (+3.92%) following the UALink Consortium's ratification of open-standard AI chip networking specs, a move designed to challenge Nvidia's market dominance.
- Shares have surged 11.7% over the last four sessions to $245.94, significantly outperforming the Nasdaq's 0.70% gain.
- The rally is supported by broader AI sector strength, highlighted by recent gains in Marvell and the industry-wide push for open networking standards.
- The current live price has reached $248.76 (+1.16% intraday) as momentum continues to build.