AMD shares jump 12% Friday as investors return to chip stocks
· 1 sources
TradingView reports Advanced Micro Devices rose 12% in Friday trading, recovering ground after Thursday's technology selloff hit semiconductor shares.
What happened
TradingView reports that shares of Advanced Micro Devices (NASDAQ: AMD) surged 12% in Friday trading. The move came after a rough session on Thursday for technology stocks.
According to the outlet, investors returned to semiconductor names on Friday, helping AMD recover ground. The rebound followed concerns about possible obstacles to AI infrastructure investment, which had weighed on chipmakers during the earlier selloff.
Context
Chipmakers are closely tied to spending on artificial intelligence infrastructure, so worries about that spending can affect the sector's shares.
Why it matters
The swing shows how sensitive AMD and other semiconductor stocks can be to shifting sentiment about AI infrastructure investment.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
45%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $367.23 and $508.14; 9 in 10, between $275.37 and $677.66.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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