Why Artificial Intelligence (AI) Stocks Super Micro Computer, Advanced Micro Devices, and Intel Rallied Today
Shares of artificial intelligence beneficiaries Super Micro Computer (NASDAQ: SMCI), Advanced Micro Devices (NASDAQ: AMD), and Intel (NASDAQ: INTC) were rallying today, up 14.9%, 2.7%, and 3.1%, respectively.
AMD was initiated with a "buy" rating at a sell-side firm today, but its move higher was likely due to the lower inflation print this morning, which lifted most stocks across the board.
Semiconductor and AI hardware stocks are thought to be highly cyclical. The prospect of easing inflation and therefore lower interest rates is especially good for these sectors, barring a recession.
Source Fool.com
Advanced Micro Devices Inc. Aktie
136,56 €
-3,41 %
Die Advanced Micro Devices Inc. Aktie ist im Trend: Deutlich mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 178 € für Advanced Micro Devices Inc. signalisiert eine mögliche Steigerung von über 20% gegenüber 136.56 €.
