AMD earnings test the AI trade as Americans head to the polls: Market Coverage (4 p.m. - 5 p.m. ET)

Summary

AMD beat on revenue and earnings as data center sales grew 97%, and the stock jumped after hours on a stronger-than-expected outlook. Chip stocks bounced back and the Nasdaq rose as Americans headed to the polls for the midterms. Jake Conley and Jared Blikre break down the close and what post-election seasonality could mean for stocks. Piper Sandler's Michael Kantrowitz explains why he thinks peak speculation in the AI trade is behind us, and Moor Insights & Strategy's Patrick Moorhead reacts to AMD's results and the growing demand for CPUs from AI agents. Evercore ISI's Matthew Aks walks…

Description from Yahoo News.