After earnings, AMD's stock price surged! AI demand becomes the growth engine, with Q1 performance and Q2 guidance both exceeding expectations.

According to the Securities Times app, as the main challenger to the "dominant" AI chip maker Nvidia (NVDA.US), AMD (AMD.US) announced better-than-expected first quarter performance on Tuesday after the US stock market closed, and also provided strong performance guidance. Boosted by this news, as of the time of writing, AMD's stock price surged over 14% in after-hours trading on Tuesday. Prior to the release of the financial report, the stock had already risen by about 66% year-to-date. If the post-market gains on Tuesday continue into regular trading hours on Wednesday, the stock price is expected to reach a new all-time high.