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0 -0.00144824311490978 0.00584520417853738 0.000474833808167047 -0.0201804368471035 -0.0403608736942071 -0.0242687559354227 -0.0360873694207028
Stock impact report

AMD, Nvidia stocks rise after Mizuho says GPU prices are rebounding [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, Nvidia stocks rise after Mizuho says GPU prices are rebounding Shares of Advanced Micro Devices Inc. AMD, -0.37% and Nvidia Corp. NVDA, +1.46% are up 2.9% and 2.3%, respectively, in premarket trading Wednesday, after Mizuho analyst Vijay Rakesh wrote of a rebound in GPU prices. "We believe, with GPU pricing starting to turn up 10% to 15% from the September lows and for the first time in eight months, it should be positive for Nvidia and AMD, pointing to a faster normalizing of channel inventories and demand elasticity," he said. "We believe the upside pricing inflection should be a preliminary positive read on channel inventories and demand." Nvidia shares have come under pressure recently after management warned of a "crypto hangover" in conjunction with the company's latest earnings report. Shares of Nvidia have dropped 44% over the past three months, while shares of AMD are off 16%. The S&P 500 SPX, +0.44% has lost 7.4% over a three-month period. Have breaking news s Show less Read more
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