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.
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Source Fool.com
Advanced Micro Devices Inc. Stock
€210.45
-0.520%
The stock is one of the favorites of our community with 110 Buy predictions and 3 Sell predictions.
With a target price of 242 € there is a slightly positive potential of 14.99% for Advanced Micro Devices Inc. compared to the current price of 210.45 €.
