Stock Market Today: AMD Surges 5.7% Despite Earnings Headwinds as Chip Stocks Rally

Advanced Micro Devices (NASDAQ: AMD) surged 5.7% Tuesday to close at $172.40, gaining ground despite a mixed Q2 earnings report. The stock saw a sharp spike in trading volume, with 94.4 million shares exchanged, nearly 80% above its three-month average of 53 million. AMD stock trades about 5.5% below its 52-week high of $182.50.The broader market showed a split tone. The Nasdaq Composite climbed 0.4%, supported by strong performance in the semiconductor sector, while the S&P 500 slipped 0.1% amid more cautious trading in large-cap names.AMD's peers also posted gains. Nvidia (NASDAQ: NVDA) rose 0.8% to $180.77, and Broadcom (NASDAQ: AVGO) added 0.7% to close at $303.76, as investors rotated back into chip stocks on optimism around potential U.S. tariff exemptions for domestic semiconductor manufacturers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool