Stock Market Today, Nov. 11: Advanced Micro Devices Jumps -- and Not Only Because of CoreWeave's Results
On Nov. 11, 2026, shares climbed as investors weighed fresh signs of AI chip demand and what comes next for server growth.
On November 11, Advanced Micro Devices (AMD) saw its stock jump 7.32% to close at $552.90, as demand for advanced computing chips continued to rise. This boost came after CoreWeave's solid results, which indicated ongoing need for these chips. Goldman Sachs highlighted AMD as one of three semiconductor stocks worth watching amid a broader sell-off. Trading volume surged to 42.5 million shares, nearly 83% higher than the three-month average of 23.2 million shares.
The S&P 500 and Nasdaq Composite also enjoyed gains on the day, rising 1.31% to 7,619 and 1.60% to 25,466, respectively. Other chipmakers followed suit, with Nvidia (NVDA) climbing 2.87% to $173.73 and Intel (INTC) up 7.52% to $62.50. AMD's surge today was part of a broader trend, as investors turned to the artificial intelligence (AI) sector for potential opportunities. The stock had already risen 36.99% since November 6, driven by strong earnings and predictions for continued growth in server and center revenue.
CoreWeave's recent results were just one piece of the puzzle, as Alphabet's Google cloud deal with AMD, featuring its 5th-gen EPYC chips, demonstrated growing demand for these advanced computing chips. AMD is also an investor in Anthropic's upcoming IPO. While there are risks tied to political shifts and broader AI uncertainties, AMD's diversified business model, strong leadership, and competitive edge position it as a potential long-term winner in the AI market.
Stock Advisor's recent analysis identified AMD among 10 top stocks to buy right now, offering substantial returns compared to the S&P 500's 208% growth.
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