AMD (AMD.US) surges 13% to hit a six-month high, but "Big Short" Michael Burry pours cold water: Nvidia news is fueling the rebound, but it may not signal a new market rally

Smart Finance APP reports that AMD (AMD.US) recorded its best single-day performance in six months. On Monday (November 9), it closed up 13.26% at $508.58, after closing the previous trading day at $449.04. The two driving factors: Google Cloud TPU 8tx platform selected the fifth generation EPYC as its main CPU; Oppenheimer on Sunday upgraded its rating from "Market Perform" to "Outperform." On the same day, NVIDIA (NVDA.US) closed down 4.27% to $178.67, while "Big Short" Michael Burry wrote in his paid column: "AMD rose because of NVIDIA's news, but I wouldn’t make this trade."