Why Advanced Micro Devices Surged Nearly 12% This Week
Shares of processor giant Advanced Micro Devices (NASDAQ: AMD) surged this week, finishing Thursday trading 11.8% higher than at the beginning of the week, according to data from S&P Global Market Intelligence.
AMD has been successful over the past few years with renewed leadership in the CPU space, graphics GPUs and gaming expertise, and the addition of field programmable gate arrays (FPGAs) with the acquisition of Xilinx in early 2022.
However, its earnings report this week was really all about one thing: the MI300.
Source Fool.com
Advanced Micro Devices Inc. Stock
€136.46
-3.550%
With 88 Buy predictions and 2 Sell predictions Advanced Micro Devices Inc. is one of the favorites of our community.
As a result the target price of 178 € shows a positive potential of 30.44% compared to the current price of 136.46 € for Advanced Micro Devices Inc..
