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Benzinga
Benzinga
Business
Henry Khederian

Why AMD Stock Is Rising Friday

Advanced Micro Devices, Inc. AMD

Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Friday after Federal Reserve Chair Jerome Powell signaled a dovish pivot at the Jackson Hole Symposium, raising expectations that interest rate cuts could arrive sooner than anticipated.

What To Know: Powell warned that downside risks to employment are rising as job growth slows to just 35,000 per month, a marked deceleration from 2024's pace.

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