AMD shares staged a sharp rebound, trading up 3.88% on February 9th, benefiting from a broad sector rally and renewed investor confidence in oversold chip names.
- The rebound was supported by a broad rally across the AI and semiconductor sector, signaling investor rotation back into oversold chip names.
- The recovery was specifically fueled by Cathie Wood's ARK funds buying the dip after the recent post-earnings plunge, reinforcing conviction in AMD's strategic data center advantage.