Shares of AMD rose 6.38% to $83.57 at 15:13 EST on Thursday, following last session’s downward trend. NASDAQ Composite is rising 1.27% to $14,034.22, following last session’s downward trend, This seems, so far, an all-around positive trend trading session today.
AMD’s last close was $78.55, 18.74% under its 52-week high of $99.23.
News about AMD today
AMD could rise 19% due to its durable technical advantage over Intel, raymond james says. According to today’s article on Business Insider, "Raymond James analysts explained how Intel’s move to stick with its 7 nanometer(nm) process for internal manufacturing while AMD is moving to Taiwan Semiconductor’s 5nm process next year-and likely to 3nm by 2024-is a big problem for the firm.", "The team said they believe much of the bear case around AMD is due to fears of Intel’s resurgence, but they "don’t expect there to be much to catalyze those fears for a long while."
AMD’s sales growth is 79.4% for the ongoing quarter and 70.1% for the next. The company’s growth estimates for the present quarter and the next is 144.4% and 161.1%, respectively.
Year-on-year quarterly revenue growth grew by 52.5%, now sitting on 9.76B for the twelve trailing months.
AMD’s Stock Yearly Top and Bottom Value
AMD’s stock is valued at $83.57 at 15:13 EST, way under its 52-week high of $99.23 and way above its 52-week low of $46.68.
AMD’s Moving Average
AMD’s value is above its 50-day moving average of $81.52 and below its 200-day moving average of $85.62.
Previous days news about AMD
Intel and AMD drop after NVIDIA unveils plans to sell new CPU processors. According to Business Insider on Monday, 12 April, "The news sent shares of Nvidia surging by as much as 4% on Tuesday, while both Intel and AMD fell by about 4%. "
More news about AMD.