AMD surges 9% as U.S. markets close mixed on profit rotation

U.S. equities ended mixed overnight as investors rotated out of defensive sectors into growth stocks. The Nasdaq rose 0.6%, led by a 9% jump in AMD shares following upbeat AI chip guidance. The Dow slipped 0.2% on profit-taking, while the S&P 500 ended marginally higher. Analysts said renewed confidence in AI hardware demand offset weak macro data. Treasury yields were stable, and crude oil fell slightly. Asian indices opened modestly higher, tracking Wall Street’s optimism in technology-led recovery momentum.