Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 2.06% to $89.24 Friday afternoon. Shares of semiconductor companies, including AMD, are trading higher following strong quarterly results from Intel Corporation (NASDAQ:INTC).
What Happened With Intel?
Intel reported first-quarter revenue of $11.7 billion, which was down 36% year-over-year. The revenue total beat a Street consensus estimate of $11.04 billion.
The company reported a loss of 4 cents per share in the first quarter, beating a Street estimate of a loss of 15 cents per share…Read More
Intel also received a number of analyst rating updates following the earnings print.
According to data from Benzinga Pro, AMD has a 52-week high of $109.57 and a 52-week low of $54.57.
