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Barchart
Barchart
Amit Singh

AMD Stock at Record Highs: Buy, Sell, or Hold before Q3 Earnings?

AMD OpenAI United States Oracle

Advanced Micro Devices (AMD) will release its third-quarter earnings on Nov. 4. Heading into earnings, AMD stock has rallied 113.8% year to date and hit a record high. This rally in AMD stock reflects the market’s optimism about its positioning in the artificial intelligence (AI) and data center industries and its growing partnerships, which are boosting its growth prospects.

The latest spark came from a Reuters report revealing that International Business Machines (AMD) ran a crucial quantum computing error correction algorithm on AMD chips. This achievement reflects AMD’s technological depth and versatility, demonstrating that its processors are not confined to traditional computing.

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