AMD stock pops on AI plans, SoFi named a top pick, Logitech CEO steps down: Trending stocks

AMD stock pops on its plans to ramp up its AI battle with Nvidia. Analysts at BTIG name SoFi a top fintech stock due to student loan repayments resuming. Logitech CEO Bracken Darrell steps down. Yahoo Finance Live checks out several top trending stocks

Video transcript

BRAD SMITH: We are 30 minutes into trading on this Wednesday. So let's take a look at what's moved since the open here. We're tracking shares of AMD. The chip maker popping today after unveiling its new AI chip with an accelerator that can speed processing for technology like ChatGPT. This also comes as Reuters reports that Amazon's AWS will be using AMD's new AI chip.

DIANE KING HALL: We are also watching shares of SOFI, which are getting a boost today after BTIG names it as a top stock pick in fintech. The firm pointing to resuming student loan payments as a future tailwind for the company.

BRAD SMITH: And Logitech shares, they are sliding today, slipping, falling, can't get up. CEO of 10 years, Bracken Darrell stepped down. Saying in a press release that he is pursuing another opportunity. This is a major shake up for the computer accessories company that has suffered from the recent drop in CPU sales.

Logitech board member, Guy Gecht, stepping in as the interim CEO, as the company searches for a new leader. Logitech was my surround sound system when I started college.

DIANE KING HALL: Oh, my goodness.

BRAD SMITH: My goodness.

DIANE KING HALL: All right. Well, look, they are not a winner today.

BRAD SMITH: Yes.

DIANE KING HALL: No.