AMD Stock Surges on Strong Earnings, Data Center Growth
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AMD's first-quarter earnings surpassed expectations, driven by a 57% surge in data center sales. The stock price rose 1.7% in after-hours trading following the report, reaching $100.32. Despite cautionary notes about export restrictions impacting future results, the stock has shown strong performance year-to-date, gaining 18%. Technical analysis suggests key support levels around $93 and $78, and resistance levels near $116 and $132.
AMD's first-quarter earnings surpassed expectations, driven by a 57% surge in data center sales. The stock price rose 1.7% in after-hours trading following the report, reaching $100.32. Despite cautionary notes about export restrictions impacting future results, the stock has shown strong performance year-to-date, gaining 18%. Technical analysis suggests key support levels around $93 and $78, and resistance levels near $116 and $132.
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