Nasdaq Rises 38 Points; AMD Hits Record on a Rival's Beat-Down; Earnings Lift Take-Two
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been a big growth driver throughout 2020, but at least for one day, the tech-heavy index took a break from the melt up in stocks. After trading on either side of the unchanged mark during the day, both the composite and the Nasdaq-100 Index managed to eke out modest gains by the close.
Helping to lift the benchmarks was strong performance from two key stocks. Advanced Micro Devices (NASDAQ: AMD) was the biggest gainer in the Nasdaq-100, as investors continue to see the chipmaker as being in a favorable competitive position against its longtime rival. Meanwhile, Take-Two Interactive Software (NASDAQ: TTWO) also posted a strong advance following the release of its latest earnings report.
Shares of Advanced Micro Devices were up another 9% on Tuesday. The stock has tripled since September 2019, and those watching the microprocessor and graphics-chip specialist see even better times ahead.
Source Fool.com
