Sanmina-Sci ( (SANM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Sanmina’s stock experienced a notable surge due to its strategic agreement to acquire AMD’s data center infrastructure manufacturing business. This move solidifies Sanmina’s position as AMD’s preferred manufacturing partner, sparking investor interest and driving up the stock price. The stock has shown substantial gains in pre-market trading and over the past year, fueled by the excitement around AMD’s major AI chip deal with OpenAI, even though Sanmina was not directly mentioned in the deal.
More about Sanmina-Sci
YTD Price Performance: 51.16%
Average Trading Volume: 729,806
Technical Sentiment Signal: Buy
Current Market Cap: $6.08B
For further insights into SANM stock on TipRanks’ Stock Analysis page.
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