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
€412.90
-1.890%
With 109 Buy predictions and 3 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 521 € shows a positive potential of 26.18% compared to the current price of 412.9 € for Advanced Micro Devices Inc..
