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Why Advanced Micro Devices Stock Popped Friday

TheMotleyFool 
0 0 23.01.26
Why Advanced Micro Devices Stock Popped FridayPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

Intel (NASDAQ: INTC) stock's in freefall this morning, down more than 15% after announcing an earnings beat but a guidance miss. Advanced Micro Devices (NASDAQ: AMD) stock, on the other hand, is headed in the opposite direction.

AMD shares gained 3.8% through 10:05 a.m. ET Friday. The big question is why?

Image source: Getty Images.

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Source Fool.com

Advanced Micro Devices Inc. Stock

€421.05
12.260%
Advanced Micro Devices Inc. dominated the market today, gaining €46.00 (12.260%).
With 110 Buy predictions and 4 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 516 € shows a positive potential of 22.55% compared to the current price of 421.05 € for Advanced Micro Devices Inc..
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