AMD Jumps 8% to a Record High, NVIDIA Climbs 4%, Intel Rises 3% in a Risk-On Chip Surge

Chip stocks are leading a broad risk-on move at midday on Monday, June 15. Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) stock is up 8% and just printed an intraday record near $558, pushing the company’s market value above $900 billion for the first time.

NVIDIA (NASDAQ:NVDA) shares are climbing 4% to roughly $214, while Intel (NASDAQ:INTC) stock is up 3% to $128 and change. The Dow has joined the rally, with traders citing a U.S.-Iran peace deal as the macro tailwind.

The chip complex is leading the tape, but AMD stock is the lead story. The catalyst is Advanced Micro Devices’ product line, though sentiment is a contributing factor today.

AMD’s Ryzen AI Halo Lights the Fuse

AMD unveiled the Ryzen AI Halo developer platform priced at $3,999, undercutting NVIDIA’s DGX Spark by $700. The desktop-class device runs local AI workloads on the Ryzen AI Max+ 395 processor with 128GB of unified memory.

AMD claims support for up to 200 billion parameter models running locally, matching DGX Spark’s stated ceiling, plus up to 14% better tokens-per-second performance across multiple models. It also runs both Windows 11 and Linux, while the DGX Spark is Linux-only.

The product launch arrives on top of bullish Wall Street notes from last week. Citi upgraded AMD stock to Buy with a $575 target, up from $460, and Bank of America raised its target to $560 from $500, citing a server-CPU opportunity now forecast at more…