AMD's recent successes in supplying processors for PlayStation 6 and making strides in GPU accelerators position them as a strong investment choice. See more here.

Shares of computer processor maker AMD (NASDAQ:AMD) jumped 6.8% in the afternoon session as markets roared back after an initially muted response to the Fed's rate cut, which sparked a renewed appetite for risk assets.

AMD is adept at catching up with competitors. Assuming it can also catch up in the AI chip market, its growth will likely continue. However, its investment thesis changed dramatically after Lisa Su became CEO in October 2014.

Advanced Micro Devices, Inc.'s MI300 accelerator is driving big data center sales growth, narrowing the Nvidia gap. Find out more on AMD stock here.