Why Advanced Micro Devices Stock Bounced Back Today
Advanced Micro Devices (NASDAQ: AMD) stock got caught in an epic sell-off last week as semiconductor chip stocks lost $1 trillion in market capitalization. AMD stock, in particular, lost 9.6% by the close of the week.
The semiconductor chips giant bounced back this morning, however, with shares rising an even 5% through 11 a.m. after AMD announced it will invest £2 billion (that's $2.7 billion) in artificial intelligence research in the United Kingdom.
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Source Fool.com
Advanced Micro Devices Inc. Stock
€396.80
1.260%
The stock is one of the favorites of our community with 105 Buy predictions and 3 Sell predictions.
With a target price of 422 € there is a slightly positive potential of 6.35% for Advanced Micro Devices Inc. compared to the current price of 396.8 €.
