Stock Market Today, April 29: Advanced Micro Devices Rises After Analyst Upgrade Points to Data Center GPU Demand Ahead of Earnings [Globe and Mail, The (Toronto, Canada)]
Intel Corporation (INTC)
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Source: Globe and Mail, The
regular session as analyst upgrades and strong AI chip demand supported optimism ahead of the May 5 Q1 earnings release. Investors will be watching forthcoming results and guidance for data center and AI GPU growth signals. The company's trading volume reached 43.2 million shares, which is nearly 13% above compared with its three-month average of 38.3 million shares. How the markets moved today The S&P 500 (SNPINDEX:^GSPC) slipped 0.02% to 7,135.95, while the Nasdaq Composite (NASDAQINDEX:^IXIC) inched up 0.04% to 24,673.24. Among semiconductors, industry peers Intel (NASDAQ:INTC) closed at $94.75, up 12.06%, and Nvidia (NASDAQ:NVDA) finished at $209.25, down 1.79%, highlighting mixed reactions across AI-focused chipmakers. What this means for investors Advanced Micro Devices shares rose after analyst upgrades, including a price target increase from Susquehanna, pointed to stronger expectations for data center GPU demand tied to AI workloads. The move reflects spending by cl
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