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Advanced Micro Devices Stock Is Rising: What’s Happening?

Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are trading higher by 2.88% to $99.57 Tuesday afternoon, possibly in anticipation of the company's second-quarter earnings announcement which is scheduled for after the market close today.
byHenry Khederian
August 2, 2022
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Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 2.88% to $99.57 Tuesday afternoon, possibly in anticipation of the company’s second-quarter earnings announcement which is scheduled for after the market close today.

According to analyst consensus estimates, Advanced Micro Devices is expected to report revenue of $6.53 billion on EPS of $1.03.

Rosenblatt Securities analyst Hans Mosesmann last week said they are modeling above-consensus top- and bottom-line results for AMD, driven by strong CPU and GPU share gains in both consumer and data center segments, as well as strength in Xilinx FFGA trends… Read More

See Also: This Chipmaker Stock Has A Better 5-Year Return Than Bitcoin, Ethereum Classic, Amazon, Apple, Nvidia, Microsoft, Ford And Starbucks

According to data from Benzinga Pro, Advanced Micro Devices has a 52-week high of $164.46 and a 52-week low of $71.60.

 
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