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1.57356412273433E-05 1.57356412273433E-05 -0.000472069236821418 -0.00173092053501179 -0.00236034618410698 -0.00220298977183321 0.000475216365066887 0.00236034618410698
Stock impact report

AMD's stock turns higher to buck chip sector weakness, after new gaming platform and upbeat analyst call [MarketWatch]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: MarketWatch
AMD's stock turns higher to buck chip sector weakness, after new gaming platform and upbeat analyst call Shares of Advanced Micro Devices Inc. AMD, +0.87% rose 0.6% in morning trading Monday, to buck the weakness in the semiconductor sector, after announcing over the weekend the availability of a new gaming platform. The stock was one of only 3 of the PHLX Semiconductor Index's SOX, -0.83% 30 components that were gaining ground. The chip sector tracker (SOX) fell 0.7%. AMD said on Sunday that the new gaming platform is based on AMD Radeon RX 5700 series graphics cards and third-generation AMD Ryzen Desktop Processors. Analyst Hans Mosesmann at Rosenblatt Securities reiterated his buy rating and $42 stock price target, which is about 32% above current levels, saying the new graphic processing units have received favorable reviews, as expected. "All-in-all, AMD is executing to its aggressive targets and we expect momentum to continue when AMD formally launches EPYC2 server CPUs in Show less Read more
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