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. Aktie
135,74 €
0,73 %
Advanced Micro Devices Inc. ist ein klarer Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Eine deutliche Steigerung um mehr als 20% ist für Advanced Micro Devices Inc. mit einem Kursziel von 175 € gegenüber 135.74 € zu erwarten.
