Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 1.32% to $96.52 Monday afternoon amid recent volatility in the semiconductor space. Taiwan Semiconductor Mfg. Co. Ltd. recently said it was experiencing increased costs amid the Ukraine war while the broader semi space has been volatile amid AI developments.
See Also: A Deep Dive into Semiconductor By Morgan Stanley
The stock has also been volatile following last week’s postponement of a planned debt limit meeting between Biden and McCarthy.
What’s Happening With The Debt Ceiling?
The U.S. stock market was mixed Monday, as hawkish Fed remarks clash with President Joe Biden‘s words that he is “optimistic” about a debt-ceiling deal as officials prepare for a crucial meeting on Tuesday.
The yield on one-month U.S. Treasury bills, a gauge of the risk associated with a protracted debt-ceiling standoff, fell 7 basis points on Monday, while yields on longer-term maturities rose…Read More
According to data from Benzinga Pro, AMD has a 52-week high of $109.57 and a 52-week low of $54.57.
