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Why is AMD rising?

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What factors are contributing to the growth of Advanced Micro Devices (AMD) stock?

Ahead of the company’s earnings announcement scheduled for tomorrow, shares of Advanced Micro Devices, Inc. are currently trading at $97.30, representing a gain of 2.99%.

The general consensus among financial analysts indicates that Advanced Micro Devices will most likely announce revenue of $6.53 billion and earnings per share of $1.03.

Last week, Rosenblatt stated that it anticipates AMD’s sales and earnings per share to exceed both its own and the consensus projections.

According to Rosenblatt, quarterly revenues are expected to be driven by strong CPU and GPU share increases in consumer and data center markets, in addition to strength in broad-based Xilinx FPGA trends.

According to information provided by Benzinga Pro, the 52-week high for Advanced Micro Devices is $164.46, while the 52-week low for the company is $71.60.

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