Why AMD Stock Jumped 30% in September
Meta's new Muse agent helped lift CPU stocks, including AMD.
Overview
Shares of Advanced Micro Devices (NASDAQ:AMD) were among the winners last month after the diversified, fabless chip company rode a surge in CPU stocks following the launch of Meta Platforms' new Muse personal AI agent. AMD also announced an acquisition and benefited from some positive analyst commentary.
As a result, the stock finished the month up 30% according to data from S&P Global Market Intelligence.
Details
As you can see from the chart below, most of the stock's gain came in the middle of the month as the market reacted to Muse.
Source
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.