Why AMD Stock Gained 14% in May
Shares of Advanced Micro Devices (NASDAQ: AMD) were moving higher last month after the chipmaker posted better-than-expected results in its first-quarter earnings report, signed a deal with a Saudi Arabian artificial intelligence (AI) start-up, and benefited from the broader recovery trend in the market as investors seemed to look past tariff concerns.
As a result, AMD finished the month up 14%, according to data from S&P Global Market Intelligence. As you can see from the chart, most of the stock's gains came in the second week of the month, when its earnings report came out.
Source Fool.com
Advanced Micro Devices Inc. Aktie
184,02 €
0,45 %
Starkes Buy-Sentiment bei Advanced Micro Devices Inc. mit 112 Buy- gegenüber 3 Sell-Einschätzungen.
Das Kursziel von 229 € für Advanced Micro Devices Inc. bedeutet eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 184.02 €.
