AMD’s stock pops after Microsoft tech chief touts chipmaker’s AI products

Shares of AMD rose almost 5% Thursday, a day after Microsoft’s technology chief said the chipmaker is bolstering its position in artificial intelligence, where Nvidia dominates.

So far this year, Nvidia shares have almost tripled while AMD is up about 60%. Since the launch in late 2022 of OpenAI’s ChatGPT chatbot, the tech industry has been swarming to new large language models, which require hefty…