AMD shares rose during Friday premarket trading, extending a recent rally for the stock.
Unverified reports indicate the company plans a 10% price increase on its chips starting in the fourth quarter.
The potential price hike responds to higher manufacturing costs from Taiwan Semiconductor Manufacturing Company (TSMC).
AI cloud provider Nebius recently increased rates for services using AMD CPUs, signaling robust demand for AI computing power.
The move aligns with a broader positive trend currently lifting the semiconductor sector.