Why Advanced Micro Devices Stock Jumped This Week
Shares of Advanced Micro Devices (NASDAQ: AMD) were rising this week as the chipmaker picked up some tailwinds from NVIDIA's (NASDAQ: NVDA) blowout guidance in its earnings report on Wednesday. That signals a surge in demand for AI-related chips, and bodes well for AMD and other AI chipmakers.
Additionally, AMD announced some new products and got a bullish analyst note.
As a result, the stock was up 13.7% for the week as of Thursday's close, according to data from S&P Global Market Intelligence.
Source Fool.com
Advanced Micro Devices Inc. Stock
€412.90
-1.890%
Currently there is a rather positive sentiment for Advanced Micro Devices Inc. with 109 Buy predictions and 5 Sell predictions.
As a result the target price of 516 € shows a positive potential of 24.97% compared to the current price of 412.9 € for Advanced Micro Devices Inc..
