Why AMD Stock Is Jumping Today
Advanced Micro Devices (NASDAQ: AMD) stock is gaining ground again Tuesday. The company's share price was up 2.6% as of 12:30 p.m. ET. Meanwhile, the S 500 (SNPINDEX: ^GSPC) was down 0.2%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was down 0.3%. The stock had been up as much as 5% earlier in trading.
AMD's stock is rising today thanks to news that the Trump administration is suspending restrictions that prevented advanced semiconductors and other technologies from being exported to China. The semiconductor stock is also getting a lift from bullish analyst coverage.
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Aktie
213,70 €
7,96 %
Die Advanced Micro Devices Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Für Advanced Micro Devices Inc. ergibt sich mit einem Kursziel von 242 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 213.7 €.
