AMD Flips the Script With 8% Surge: CPU Renaissance and $120B AI Target Counter Cathie Wood’s De-Risking

High-beta semiconductor bellwether Advanced Micro Devices Inc. (NASDAQ: AMD) reasserted its dominance across the large-cap chip complex. Closing at $447.58 (+8.10%) on May 20, 2026, the stock staged an explosive recovery to lead its primary rivals, Intel (+7.36%) and NVIDIA (+1.22%).