AMD’s stock jumps 9%. Here’s what could be driving the optimism.

Advanced Micro Devices Inc.’s stock is climbing more than 9% on Monday as investors remain optimistic about its upcoming artificial-intelligence chips and systems that were unveiled last week — perhaps more so than in the initial moment.

Shares of the chip maker

AMD, which introduced its Instinct MI350 series of AI accelerators at its annual Advancing AI event on Thursday, were among the leading S&P 500 SPX gainers on Monday, behind only shares of Estee Lauder Cos. EL