Advanced Micro Devices ( (AMD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Advanced Micro Devices (AMD) shares are on the rise following a major partnership with OpenAI to supply up to 6 GW of GPUs. This strategic move is seen as a strong endorsement of AMD’s capabilities in the AI sector, with analysts predicting it could generate billions in revenue and boost the company’s market position. Despite this positive outlook, insider sentiment is cautious due to increased stock sales by insiders.
More about Advanced Micro Devices
YTD Price Performance: 75.34%
Average Trading Volume: 58,026,091
Technical Sentiment Signal: Buy
Current Market Cap: $330.6B
For further insights into AMD stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.