Movement Alert｜Advanced Micro Devices Rises 4.5% in Pre-Market Trading, Rebound Follows Sharp Selloff Despite Strong Revenue Outlook

Market Focus

Yesterday

On November 6, Advanced Micro Devices rose 4.5% in Pre-Market Trading, trading at $427.9703 per share, with turnover of $49.9608 million.

The move followed a technical rebound in semiconductor shares after the stock plunged 17.26% in the prior session. Recent disclosures showed Advanced Micro Devices reported third-quarter revenue of $13.377 billion, up 45% year over year, with data center revenue of $8.546 billion, up 97%, while fourth-quarter revenue guidance was about $17 billion, above market expectations.

Recent market updates also showed the broader chip group recovering in early trading, with NVIDIA up 2.7%, Micron Technology up 6.49%, Broadcom up 4.23%, Taiwan Semiconductor Manufacturing up 5.81%, and Intel up 4.65%, indicating the latest rise was supported by sector-wide rebound momentum after the previous session's heavy selloff.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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