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Benzinga
Benzinga
Business
Adam Eckert

Why AMD Stock Is Rising Today

AMD Nasdaq Broadcom Advanced Micro Devices Broadcom Inc Microsoft

Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Thursday in sympathy with Broadcom Inc (NASDAQ:AVGO) after the company reported better-than-expected results and issued strong guidance.

Broadcom reported fiscal second-quarter revenue of $8.1 billion, which beat the estimate of $7.9 billion, according to data from Benzinga Pro. The company reported quarterly earnings of $9.07 per share, which beat the estimate of $8.70 per share.

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