What's Going On With AMD Shares

Advanced Micro Devices, Inc. AMD shares are trading lower by 2.10% to $124.36 Tuesday morning. The stock is trading lower, potentially amid profit-taking, after rising some 16% over the trailing five sessions amid ongoing strength as shares of several tech and AI-related companies rose following NVIDIA Corporation first-quarter earnings.

AMD shares also saw strength last week and were trading higher after B of A Securities raised its price target on the stock from $105 to $120.

See Also: Nvidia Joins Trillion-Dollar Club

AMD shares have witnessed a significant upswing of around 94% year-to-date, propelled by the remarkable performance exhibited by the broader semiconductor industry and AI-related stocks.

According to data from Benzinga Pro, AMD has a 52-week high of $130.79 and a 52-week low of $54.57.