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AMD Approaches $100 Billion Market Cap as Shares Rise to $85

There seems to be no slowing down AMD. Red stocks hit another high of $85 yesterday evening as the total market cap for AMD neared $100 billion. The company stocks continued to gain rapidly as analysts and experts improved their forecast and sang praises of the CEO, Dr. Lisa Su.

Just yesterday, Bank of America predicted that AMD will be the first $100 billion chipmaker. The same day, Dr. Su received the Abie award for “Technical Leadership”. Amid these achievements, it’s no surprise that Team Red’s stocks are rallying and reaching new highs. The question is: Will AMD be able to maintain this momentum in the coming months or not? Time will tell.

Areej

Computer hardware enthusiast, PC gamer, and almost an engineer. Former co-founder of Techquila (2017-2019), a fairly successful tech outlet. Been working on Hardware Times since 2019, an outlet dedicated to computer hardware and its applications.
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