Advanced Micro Devices Stock Gained More Than 2% Today - Here's Why?
Portfolio Pulse from Ryan Gustafson
Advanced Micro Devices, Inc. (AMD) shares closed higher on Wednesday, rebounding from recent losses related to China's tech sector news. The stock has risen by roughly 4% since Monday, despite China's ban on iPhones for official use and competition from Huawei's new smartphones. The rise was not affected by August's hot inflation report, with the broader semiconductor sector responding well.
September 13, 2023 | 8:07 pm
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AMD's stock has rebounded from recent losses, rising by roughly 4% since Monday. The rise was not affected by China's tech news or August's hot inflation report.
AMD's stock has rebounded from recent losses, showing resilience in the face of negative news from China's tech sector and hot inflation report. This suggests a strong market sentiment towards AMD, which could potentially drive the stock price higher in the short term.
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