AMD stock jumps over 25% in a month as AI chip sales to China resume and analysts raise price targets. Here's what’s driving the rally today.

Nvidia Corp. and Advanced Micro Devices Inc. plan to resume sales of some AI chips in China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance on measures designed to limit Beijing’s AI ambitions.

Evercore sees potential upside to 2025 estimates for Advanced Micro Devices' (NASDAQ:AMD) after the company said that it will resume shipments of its MI308X chips to China after receiving U.S. approval.