AMD leads an epic run in chip stocks not seen since the dot-com bubble burst

The move in Advanced Micro Devices — and the wider chips sector — is nothing short of bonkers. AMD soared 20% on Wednesday after the chipmaker posted better-than-expected Q1 earnings and revenue. Its Q2 revenue outlook was also stronger than expected. AMD had already climbed more than 60% in the past month before the latest move. The rally led several Wall Street firms to upgrade AMD, including Goldman Sachs . It also gave a boost to an already strong chips sector. …