AMD stock experienced an uptick in its share price after an analyst’s report pointed towards strong sales in the second half. The report then went on to fuel strong investor sentiments. In Wednesday’s trading, Advanced Micro Devices (NASDAQ:AMD) closed up 8.49% at $29.02 USD on NASDAQ after hitting a new 8-month high of $29.95 USD earlier in the session.
The noteworthy gain in AMD stock was also influenced by a report that Taiwan Semiconductor Manufacturing Company (TSMC) is making strong chip orders pertaining to its 7nm process. This is good news for the company considering it ...
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