AMD Blows Past S&P And Nasdaq — Is This Just The Beginning?

Advanced Micro Devices (NASDAQ:AMD) stock surged nearly 38% in the last three months, buoyed by the AI frenzy. PHLX Semiconductor Index (SOX), of which AMD is also a constituent, generated 30% returns during the period. AMD’s returns also topped the S&P 500’s 11% and the Nasdaq Composite’s 18%…