Advanced Micro Devices Inc (NASDAQ:AMD) is one of Renaissance Technologies’ top semiconductor stock picks. In the past month, AMD stock has gained more than 40%.

The ever-popular Ryzen 7 5800X3D will re-release for $349 on June 25. AMD is also launching its Radeon RX 9070 GRE worldwide to try to keep graphics card pricing down.

AMD’s latest market move highlights AI chip demand, data center strength, and semiconductor competition shaping tech sentiment.

The tech sector now makes up 35% of the S&P 500. And a big reason for that concentration is the growing number of tech stocks with massive market caps. Here's why ASML has the clearest path toward becoming the next tech stock to join the $1 trillion club and why it's a great buy now.

Nvidia has unveiled powerful new chips to bring advanced artificial intelligence to Windows laptops and desktops

The declines came after Nvidia unveiled the first personal laptop computers designed for running artificial-intelligence agents, which use a newly designed version of the company'