{"id":87080,"date":"2024-01-17T01:18:31","date_gmt":"2024-01-17T06:18:31","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87080"},"modified":"2024-01-17T01:25:45","modified_gmt":"2024-01-17T06:25:45","slug":"amd-shares-jump-8-to-highest-close-since-2021-on-ai-chip-demand","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2024\/amd-shares-jump-8-to-highest-close-since-2021-on-ai-chip-demand.html","title":{"rendered":"AMD shares jump 8% to highest close since 2021 on AI chip demand"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/AMD\/\">AMD<\/a> shares rose more than 8% Tuesday to their highest closing price since reaching a record in November 2021, on optimism that the company\u2019s artificial intelligence chips will be in higher demand from companies such as <a href=\"https:\/\/www.cnbc.com\/quotes\/MSFT\/\">Microsoft<\/a>, <a href=\"https:\/\/www.cnbc.com\/quotes\/GOOGL\/\">Google<\/a> and OpenAI. Tom O\u2019Malley, an analyst at Barclays, raised his price target on AMD to $200 from $120, saying AMD could post $4 billion in AI chip sales this year.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/01\/16\/amd-shares-rise-jump-7percent-and-head-for-highest-close-since-2021.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) AMD shares rose more than 8% Tuesday to their highest closing price since reaching a record in November 2021, on optimism that the company\u2019s artificial intelligence chips will be in higher demand from companies such as Microsoft, Google and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87080","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87080"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87080\/revisions"}],"predecessor-version":[{"id":87081,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87080\/revisions\/87081"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}