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Tuesday, December 5, 2023

AMD leads S&P 500 gainers as stock rallies for third day in a row

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Advanced Micro Devices Inc. shares were rallying for a third day in a row Monday, leading gainers on the S&P 500 index.

AMD shares AMD rose more than 6% to an intraday high of $95.66 in Monday trading, while the S&P 500 SPX was flat. Since the stock’s 9.2% drop Wednesday after the chip maker’s optimism for the second half of the year did not rub off on analysts, shares have rebounded by more than 16%.



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