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Benzinga
Benzinga
Business
Anusuya Lahiri

AMD Gains On US-China Trade Pause And Wall Street Optimism For Second-Half Chip Sales

AMD United States China Beijing Washington D.C. Nvidia
US-China tariffs

Advanced Micro Devices (NASDAQ:AMD) stock trended on Wednesday amid investor optimism surrounding the Washington—Beijing truce.

Late Monday, the United States and China extended their trade truce by 90 days, narrowly avoiding a tariff escalation that could have intensified tensions between the world’s two largest economies. President Donald Trump signed an executive order extending the pause until November 10, with Beijing matching the extension.

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