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 have been on a remarkable rise, primarily due to strategic partnerships with OpenAI and Oracle. These collaborations are expected to generate significant future revenue from AI chip deployments, boosting market confidence. As a result, analysts have increased their price targets, reflecting AMD’s promising growth in the AI sector and strong demand for its GPU products, despite some concerns over competition and insider selling.
More about Advanced Micro Devices
YTD Price Performance: 80.79%
Average Trading Volume: 61,479,196
Technical Sentiment Signal: Buy
Current Market Cap: $351.2B
For further insights into AMD stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.