Why Advanced Micro Devices Stock Jumped This Week
Shares of Advanced Micro Devices (NASDAQ: AMD) were rising this week as the chipmaker picked up some tailwinds from NVIDIA's (NASDAQ: NVDA) blowout guidance in its earnings report on Wednesday. That signals a surge in demand for AI-related chips, and bodes well for AMD and other AI chipmakers.
Additionally, AMD announced some new products and got a bullish analyst note.
As a result, the stock was up 13.7% for the week as of Thursday's close, according to data from S&P Global Market Intelligence.
Source Fool.com
Advanced Micro Devices Inc. Aktie
412,90 €
-1,89 %
Leichtes Kaufinteresse bei Advanced Micro Devices Inc., mit mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 516 € für Advanced Micro Devices Inc. würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 412.9 € bedeuten.
