Why AMD Stock Is Surging Today
Advanced Micro Devices (NASDAQ: AMD) stock is seeing significant bullish momentum Thursday. The semiconductor company's share price was up 3.8% as of 3:30 p.m. ET amid the backdrop of a 0.3% gain for the S 500 (SNPINDEX: ^GSPC) and a 0.2% gain for the Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been up as much as 5.4% earlier in the day's trading.
AMD's valuation is climbing today following bullish coverage from HSBC. The bank's investment branch issued new coverage on the stock this morning, and other investors are buying up shares in conjunction with the latest research note.
Image source: Getty Images.
Source Fool.com
Advanced Micro Devices Inc. Stock
€134.98
-0.070%
The stock is one of the favorites of our community with 94 Buy predictions and 3 Sell predictions.
With a target price of 161 € there is a slightly positive potential of 19.28% for Advanced Micro Devices Inc. compared to the current price of 134.98 €.
