Why AMD Stock Is Surging Today
Advanced Micro Devices (NASDAQ: AMD) stock is getting a big boost today thanks to major news for its most important competitor. The semiconductor specialist's share price was up 7.2% as of 11 a.m. ET. Meanwhile, the S 500 index was flat on the day, and the Nasdaq Composite index was up 0.6%. The stock had been up as much as 8.5% earlier in trading.
Semiconductor investors are shrugging off news that inflation actually came in higher than expected in June and focusing on a big win for Nvidia. The artificial intelligence (AI) leader has secured permission to sell its H20 processor and other hardware in China, and the development could also be good news for AMD.
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Aktie
412,40 €
-8,57 %
Bei der Aktie stehen derzeit 109 Buy-Einschätzungen 5 Sell-Einschätzungen gegenüber. Das Sentiment ist also durchaus positiv.
Ein prognostiziertes Kursziel von 521 € für Advanced Micro Devices Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 412.4 €.
