"Tech Stocks Surge: AMD, Applied Materials, and Super Micro Computer Lead the Way"

Shares of semiconductor companies AMD, Applied Materials, and Super Micro Computer surged on Wednesday following an upgrade for AMD by London-based stock research shop New Street, which predicts strong growth in the AI chip market. New Street's buy recommendation for AMD also suggests potential upside for other companies in the data center AI chip sector, including Applied Materials and Super Micro Computer. While New Street favors AMD, it also sees potential in Taiwan Semiconductor Manufacturing and believes that the entire data center AI chip sector is looking promising.