Shares of Advanced Micro Devices (NASDAQ: AMD) surged 9.4% as the S&P 500 and Nasdaq Composite also rose. Oracle plans to use 50,000 AMD chips by 2026, boosting AMD’s AI cloud computing presence against Nvidia.

Oracle Cloud Infrastructure’s VP expects strong demand for AMD chips in AI. Despite the stock’s price, AMD’s growth potential makes it a solid investment choice. The Motley Fool recommends other stocks but highlights AMD’s potential growth.

Read more at Nasdaq: Why Did Advanced Micro Devices Stock Soar 9.4% Today?