logo
Plus   Neg
Share
Email

Stock Alert: Advanced Micro Spikes 4%

Shares of semiconductor company Advanced Micro Devices are climbing more than 4% Tuesday morning at $55.32, close to its 52-week high of $59.27. There are no company-specific news to move the stock up.

Even during the coronavirus pandemic, although AMD reacted with the broader market, it bounced back strongly and rose nearly 40% in less than 3 months.

When the company reported first-quarter results in April, revenue had increased 40% year-on-year at $1.79 billion. In the second quarter, although the company expects weaker demand due to Covid-19, it still sees revenue growth of about 25%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Former Google engineer Anthony Levandowski was sentenced by a U.S. judge to eighteen months in prison for stealing trade secrets from Google's self-driving car unit before he defected to Uber's rival unit. Levandowski admitted that from 2009 to 2016, he worked in Google's self-driving car program, known then as Project Chauffer. JetBlue has strengthened its face covering policy, by prohibiting face masks with vents or exhalation valves, starting August 10. It will also no longer allow customers to claim exemptions from wearing a face covering altogether. Home Depot, Inc. is set to open three new distribution centers in Georgia over the next 18 months, which is expected to create an additional 1,000 new jobs in Greater Atlanta, including full-time and part-time positions. The home improvement retailer has already created more than 5,000 new jobs in Georgia over the last five years.
Follow RTT