Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher by 5.32% to $61.82 Tuesday afternoon. Shares of several companies in the broader tech sector at large are trading higher amid overall market strength as investors react to quarterly earnings reports from U.S. companies and assess the possibility of future Fed policy changes.
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What Else?
Also, a dip in Treasury yields is positively impacting the sector. The drop in U.S. Treasury yields benefits growth companies such that, when interest rates otherwise rise, the value of future cash flows is reduced for growth stocks, which in turn lower the value of the stock.
According to data from Benzinga Pro, AMD has a 52-week high of $164.46 and a 52-week low of $54.57.
