Shares of Advanced Micro Devices (NASDAQ: AMD) were rising this week as the chipmaker picked up some tailwinds from NVIDIA's (NASDAQ: NVDA) blowout guidance in its earnings report on Wednesday. That signals a surge in demand for AI-related chips, and bodes well for AMD and other AI chipmakers.

Additionally, AMD announced some new products and got a bullish analyst note.

As a result, the stock was up 13.7% for the week as of Thursday's close, according to data from S&P Global Market Intelligence. 

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Source Fool.com