6 Days Ago
2 Min Read

AMD is making big moves today. Find out why the stock is trading 6% higher:

AMD
+3.67% 24h



Adv Micro Devices (AMD) is trading 6% higher at $103.525 today.

  • AMD's stock has surged lately amid geopolitical tensions, a CHIPS bill and earnings
  • Intel looks to Italy for help

Adv Micro Devices has been trading between a 52-week high of $164.46 and a 52-week low of $71.6. The stock has a market cap of $168 Billion.

For more than 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies - the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible.

Headlines


What Cramer is watching Thursday – Eli Lilly confusion, AMD de-risks, Lucid again cuts targets
CNBC 08-04-22

AMD and ECARX to Collaborate on Immersive Digital Cockpit In-Vehicle Computing Platform for Next-Generation Electric Vehicles
GlobeNewswire 08-04-22

Thursday Upgrades Downgrades: Advanced Micro Devices, Baxter, Caesars, Electronic Arts, Gilead Sciences, Intel, JetBlue, Marriott, Match, Microchip Technology, Starbucks, Uber Technologies
24/7 Wall street 08-04-22

Intel and AMD Earnings Share Great Insight for Nvidia Investors
The Motley Fool 08-04-22

Chart Of The Day: Why AMD May Be About To Crash
Investing.com 08-04-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Michael_K_Young - 21 upvotes - source
About the bullish momentum, especially in Apple, the below info I read today is very interesting: >retail investor flows have been the major driver of the rebound in equities in the last few days across the broader market, as aggregate buying has been consistently above the YTD average (avg. $1.36BN over the last five days), while the focus has been on classic tech stocks such as TSLA, NVDA, AAPL, AMD, and AMZN. >last Friday net retail inflows were massive relative to the equity performance especially given that retail investors are contrarian: they buy when prices fall – as they perceive it as a good buy-the-dip opportunity. On the other side, they are hesitant to chase rallies in the early stages. Nevertheless, on the 29th of July, the net daily imbalance amounted to US$ 1.6Bn, the highest figure in a day of positive S&P 500 performance since the start of the sell-off. So this rally has mostly been retail driven, hence the euphoria and fomo momentum. Basically SPY has been getting short squeezed. Explains why we are skyrocketing up even while bond market yields shooting sky high after very hawkish fed jawboning yesterday and today. I strongly doubt a retail FOMO rally is sustainable...

options1337 - 17 upvotes - source
My biggest regret in life was selling AMD at $3 😂

Michael_K_Young - 14 upvotes - source
>Retail investor flows have been the major driver of the rebound in equities in the last few days across the broader market, as aggregate buying has been consistently above the YTD average (avg. $1.36BN over the last five days), while the focus has been on classic tech stocks such as TSLA, NVDA, AAPL, AMD, and AMZN. So this would be the first time in all of stock market history that the ones who took us out of the bottom were retail investors, and that the institutions allowed it. LOL if u really think that they'll let the little guy make the decisions and profit before big money gets the chance #😆😂🤣

VonNeumannsProbe - 12 upvotes - source
Yet no tangible evidence exists? It's a pump and dump. Edit: My theory is someone threw huge money as a market order in "AMD" and accidentally typed AMTD

NihFin - 10 upvotes - source
AMD back over $100

NihFin - 10 upvotes - source
Come on AMD - fulfill the green by close prophecy

heathermyllz - 8 upvotes - source
AMD going full retard

yerwathurts - 8 upvotes - source
AMD 102

amneziac1 - 8 upvotes - source
AMD make me rich. Or less poor at least

SPICYLEMONBUM69 - 8 upvotes - source
Imagine selling your AMD earnings calls for a loss 💀💀