Why AMD Stock Soared to a New All-Time High Today
Shares of Advanced Micro Devices (NASDAQ: AMD) jumped 12.5% to a new closing high of $76.09 on Wednesday, following the semiconductor company's impressive second quarter results.
AMD's revenue surged 26% year over year to $1.93 billion, fueled by market share gains and strong sales of its Ryzen and EPYC processors. "We delivered strong second-quarter results, led by record notebook and server processor sales as Ryzen and EPYC revenue more than doubled from a year ago," CEO Dr. Lisa Su said in a press release.
Advanced Micro Devices' stock hit a record high on Wednesday. Image source: Getty Images.
Source Fool.com
