What's Going On With AMD Shares
Portfolio Pulse from Henry Khederian
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are trading higher amid a rebound in tech stocks and a pullback in Treasury yields. Lower competition from fixed-income investments can drive up demand for stocks. High growth and technology stocks like AMD are often sensitive to changes in interest rates. A pullback in yields can support higher valuations for growth stocks.
October 06, 2023 | 6:03 pm
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AMD's stock is trading higher due to a rebound in tech stocks and a pullback in Treasury yields. Changes in interest rates can impact the valuation of high growth and technology stocks like AMD.
The rise in AMD's stock can be attributed to the rebound in tech stocks and a pullback in Treasury yields. As a high growth and technology stock, AMD is sensitive to changes in interest rates. A decrease in Treasury yields makes fixed-income investments less attractive, driving up demand for stocks and potentially supporting higher valuations for growth stocks like AMD.
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