Stock Data
$37.15 (7.02%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SEMICONDUCTORS
Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company that designs and manufactures a wide range of products for various computing markets. It is known for its powerful x86 microprocessors and graphics processing units (GPUs), including the popular AMD Ryzen and Radeon brands. AMD caters to data centers, gaming, and embedded systems with its processors and GPUs. The company also offers server microprocessors, professional graphics, and innovative solutions like field programmable gate arrays (FPGA) and adaptive system-on-chip (SoC) products. Founded in 1969 and based in Santa Clara, California, AMD serves a global customer base, including equipment manufacturers and cloud service providers.
Cramer flags forced liquidations by overleveraged money managers as the driver of tech stock pressure, naming semiconductor heavyweights at risk.
But this time it should be quite obvious that one or two big portfolio managers are blowing up taking with them all the margined players in tech: Sandisk, AMD, Intel, Arm and so many others. The great tech unwind
AMD breaks above its prior 52-week peak by 5.31%, storming to $580.91 as the AI chip rally powers through fresh territory.
Chip stocks led Tuesday's close with AMD and ON Semiconductor jumping over 8% and 7% respectively, while consumer plays like Uber and Expedia stumbled.
AMD just shattered a two-week high at $547.26, up 0.87% and capping a parabolic sprint from $126 in six months as AI euphoria lifts the chip giant.
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