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19.11.2019 18:25:51

AMD stock heads for longest winning streak since 2012

Advanced Micro Devices Inc. shares are up 2.3% in Tuesday trading and on track for their ninth straight day of gains. That would mark the stock's longest winning streak since Jan. 27, 2012, according to Dow Jones Market Data. The stock is up 13.5% over the past nine days. RBC Capital Markets analyst Mitch Steves wrote in a Tuesday note to clients that AMD and Nvidia Corp. shares would likely "move the most" if a positive trade deal were to occur, with semiconductor-equipment companies seeing the next greatest benefit to their stock prices. AMD shares have risen 121% so far this year, while the S&P 500 has increased 25%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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