Advanced Micro Devices Stock Is Rising: What's Happening?

Advanced Micro Devices, Inc. AMD shares are trading higher by 2.88% to $99.57 Tuesday afternoon, possibly in anticipation of the company's second-quarter earnings announcement which is scheduled for after the market close today.

According to analyst consensus estimates, Advanced Micro Devices is expected to report revenue of $6.53 billion on EPS of $1.03.

Rosenblatt Securities analyst Hans Mosesmann last week said they are modeling above-consensus top- and bottom-line results for AMD, driven by strong CPU and GPU share gains in both consumer and data center segments, as well as strength in Xilinx FFGA trends... Read More

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According to data from Benzinga Pro, Advanced Micro Devices has a 52-week high of $164.46 and a 52-week low of $71.60.