Why Advanced Micro Devices Surged Today
Shares of Advanced Micro Devices (NASDAQ: AMD) were rallying today, up 6% as of 12:47 p.m. ET.
There wasn't any meaningful news that came out of the company, as AMD reported earnings on May 2, in which it gave a lackluster forward outlook. However, some recent analyst commentary on the recovering PC market, as well as AMD's prospects in artificial intelligence, seem to be lighting a fire under the stock since then.
In addition, it's 13F season, in which leading hedge funds disclose their buys and sells from the previous quarter. AMD attracted some high-profile names in Q1 that may be causing more optimism today.
Source Fool.com
Advanced Micro Devices Inc. Aktie
117,84 €
-0,92 %
Klares Buy-Übergewicht bei der Advanced Micro Devices Inc. Aktie mit 85 zu 2 Einschätzungen.
Das Kursziel von 175 € für Advanced Micro Devices Inc. impliziert eine deutliche Steigerung um über 20% gegenüber 117.84 €.
