CHIP GIANT SHOWS IMPRESSIVE STRENGTH AHEAD OF THE BELL
NEW YORK – May 29 – Advanced Micro Devices Inc. (AMD) is making waves in pre-market trading this morning, signaling strong investor confidence. The semiconductor powerhouse saw its shares surge to 3.84, representing a robust 3.40% gain before the official market open.
This impressive pre-market rally offers a stark and welcome contrast to the previous day’s performance, where AMD shares closed at $112.86, experiencing a dip of $1.70 (1.48%). The prior session’s close was noted at $114.56.
The positive momentum comes after a trading day where AMD opened at $114.92, reached a high of $114.95, and saw a low of $112.66. With a market capitalization of 18.30KCr and a P/E ratio of 82.73, the company remains a key player in the tech sector.
Investors will be eagerly watching to see if this substantial pre-market enthusiasm translates into sustained gains once regular trading commences. This early surge positions AMD for a potentially strong start to the trading day, especially as it navigates its 52-week range, which has spanned from a low of $76.48 to a high of $187.28.
