Why AMD Stock Gained 14% in May
Shares of Advanced Micro Devices (NASDAQ: AMD) were moving higher last month after the chipmaker posted better-than-expected results in its first-quarter earnings report, signed a deal with a Saudi Arabian artificial intelligence (AI) start-up, and benefited from the broader recovery trend in the market as investors seemed to look past tariff concerns.As a result, AMD finished the month up 14%, according to data from S&P Global Market Intelligence. As you can see from the chart, most of the stock's gains came in the second week of the month, when its earnings report came out.Continue reading
Shares of Advanced Micro Devices (NASDAQ: AMD) were moving higher last month after the chipmaker posted better-than-expected results in its first-quarter earnings report, signed a deal with a Saudi Arabian artificial intelligence (AI) start-up, and benefited from the broader recovery trend in the market as investors seemed to look past tariff concerns.
As a result, AMD finished the month up 14%, according to data from S&P Global Market Intelligence. As you can see from the chart, most of the stock's gains came in the second week of the month, when its earnings report came out.
