2 Semiconductor Stocks Enjoying Sector-Wide Rally
AMDAMD(AMD) Schaeffers Investment Research·2024-07-31 22:41

Advanced Micro Devices, Inc. (NASDAQ:AMD) is leading the chip sector's charge today, last seen up 10.1% to trade at 113.28afterthecompany′sstrongsecond−quarterresults.Plus,reportsthatU.S.exportrestrictionsonChinawillbelessaggressivethanpreviouslyanticipatedareboostingsentiment. AMDisbouncingoffafamiliarflooratthe113.28 after the company's strong second-quarter results. Plus, reports that U.S. export restrictions on China will be less aggressive than previously anticipated are boosting sentiment. AMD is bouncing off a familiar floor at the 135 level, which also served a launching pad in January. Shares are on track for their highest single-day percentage jump since February, after a rally earlier thi ...