AMD Stock Caps Strong Day with 4.5% Gain, Edges Higher After Hours
Advanced Micro Devices Inc (NASDAQ: AMD) concluded Wednesday’s trading session in the United States market with significant gains, adding further momentum in extended trading. The stock closed the regular session on April 24th at 94.47 USD.
This closing figure represented a healthy increase of
0.52 (0.55%) to trade at $94.99 as of 8:00 PM GMT-4.
The day’s trading action for AMD started positively, opening at $91.59 compared to the previous close of $90.39. The stock maintained its upward climb throughout the day, peaking at an intra-day high of $94.75. The session low was recorded at $90.37, with the 1-day chart confirming a consistent bullish pattern.
As a key player in the semiconductor industry, Advanced Micro Devices commands a substantial market capitalization, noted as 15.27KCr (indicating a market value significantly above $200 Billion USD). The stock’s current Price-to-Earnings (P/E) ratio is 94.24. AMD does not currently distribute a dividend to its shareholders.
The strong performance on Wednesday lifts AMD further from its yearly low point of $76.48. Despite the gains, the stock remains a distance from its 52-week peak of $187.28. The positive close and after-hours activity reflect ongoing investor interest in the chip designer.
