Why Advanced Micro Devices Stock Bounced Back Today
AMD is making a smart investment in the U.K.
Why Advanced Micro Devices Stock Bounced Back Today
Overview
Advanced Micro Devices (NASDAQ: AMD) stock got caught in an epic sell-off last week as semiconductor chip stocks lost $1 trillion in market capitalization. AMD stock, in particular, lost 9.6% by the close of the week.
The semiconductor chips giant bounced back this morning, however, with shares rising an even 5% through 11 a.m. after AMD announced it will invest £2 billion (that's $2.7 billion) in artificial intelligence research in the United Kingdom.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
