Why AMD Stock Jumped Today
Advanced Micro Devices (NASDAQ: AMD) stock recorded another day of strong gains Thursday. Amid a 2% jump for the S 500 and a 2.7% rally for the Nasdaq Composite, the semiconductor specialist's share price closed out the day up 4.5%.
AMD stock moved higher today as investors bought back into the broader market on reports that the U.S. is making moves to lower trade war tensions with other economic leaders. The company's share price also appears to have gotten a boost from analyst coverage that was published today.
After big sell-offs earlier this month connected to the trade war, the broader market has seen rebound trading this week on hopes that the U.S. is moving closer to deals with large trade partners. Comments from President Donald Trump and other administration officials have helped bolster expectations that a trade deal with China could materialize in the not-too-distant future even though Chinese officials have recently denied that any serious talks have happened.
Source Fool.com
Advanced Micro Devices Inc. Aktie
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