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0.00114613180515769 8.59598853869042E-05 0.000224355300859636 -0.00123209169054443 -0.000573065902578764 -0.000974212034383882 -0.00111747851002861 -0.00114613180515753
Stock impact report

Intel's Post-Earnings Rally Sent Its Stock to New Highs. These Rivals Are Getting a Lift Too. [Yahoo! Finance]

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: Yahoo! Finance
AMD and other chip stocks rallied Friday following a strong first-quarter report from Intel that pointing to growing demand for AI hardware. Analysts said the results bode well for sales of AMD's chips, with the rival chipmaker set to report its own results early next month. Intel isn't the only chip stock hitting new highs after the chipmaker's strong earnings Advanced Micro Devices ( AMD ) and Arm Holdings ( ARM ) also climbed to new records Friday, amid expectations that Intel's results could have positive implications for the rival firms. Both stocks were up about 14% in recent trading, amid a broader chip rally led by shares of Intel ( INTC ), which surged nearly 20%. The Philadelphia Semiconductor Index SOX ) rallied more than 4% to its own all-time high. Jefferies analysts said Intel's earnings served as "validation of AI tailwinds" boosting demand for server CPUs made by Intel and AMD. They noted Intel sees double-digit sales growth for its servers likely extending in Show less Read more
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