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U.S. stocks drift around records as chipmaker AMD surges 9%

Los Angeles Times

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November 13, 2025

Stocks drifted around their records in a mixed day of trading on Wednesday.

- By Stan CHORE

The Standard & Poor's 500 added 0.1% and neared its all-time high set a couple of weeks ago. The Dow Jones industrial average jumped 327 points, or 0.7%, to set a record for the second straight day, while the Nasdaq composite slipped 0.3%.

Advanced Micro Devices was at the forefront of the market. It rallied 9% after Chief Executive Lisa Su said the chip company is expecting better than 35% of annual compounded revenue growth over the next three to five years. She credited “accelerating AI momentum.”

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