AMD and Nvidia Stocks Surge as US Lifts China AI Chip Restrictions

AMD stock surged after President Trump lifted the ban on AI chip sales to China, allowing AMD to sell its MI308 chips there, which boosted investor confidence despite ongoing restrictions and mixed analyst ratings. The move follows pressure from the tech industry, notably Nvidia, and has led to a significant increase in AMD's stock trading volume, although some analysts remain cautious with a hold rating and a target price suggesting potential downside.