Advanced Micro Devices Inc. Stock Rises Wednesday, Outperforms Market
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Shares of Advanced Micro Devices Inc. (AMD) advanced 2.55% to $89.68 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. This was the stock's second consecutive day of gains. Advanced Micro Devices Inc. closed $35.99 short of its 52-week high ($125.67), which the company reached on March 30th.
The stock outperformed some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 0.69% to $242.28, Intel Corp. (INTC) rose 1.43% to $28.41, and Applied Materials Inc. (AMAT) fell 1.55% to $118.48. Trading volume (85.4 M) eclipsed its 50-day average volume of 58.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 2023.
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March 15, 2023 16:37 ET (20:37 GMT)
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