AMD - Nasdaq Today: New AMD Chips Lift Shares; Jamf IPO a Success
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has benefited greatly from the success of its technology components recently. From day to day, though, that influence ebbs and flows. On Wednesday, neither the Composite nor the Nasdaq-100 index was able to keep pace with the Dow Jones Industrials and the broader S&P 500. However, both managed to eke out modest gains.
That's not to say there wasn't good news on the Nasdaq stock market on Wednesday. Advanced Micro Devices (NASDAQ: AMD) led the Nasdaq-100 higher after revealing new product lines. Meanwhile, newly public Jamf Holding (NASDAQ: JAMF) exploded higher on its first day of trading, and that could bode well for the IPO market overall.
Shares of Advanced Micro Devices were up 9% on Wednesday. The maker of microprocessors, graphics chips, and other semiconductor products made investors happy with its latest plans for new product releases.