What's Going On With AMD Stock This Week?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) are up 5% this week, trading at $148.83 Friday morning. The stock has gained following Donald Trump's victory in the 2024 U.S. presidential election.

Trump's return to the White House and a Republican-controlled Senate signal a shift in U.S. economic policy, potentially raising investor optimism around benefits for the semiconductor industry.

What To Know: One driver behind AMD's stock uptick is anticipation of Trump's tax policies, which include expanded corporate tax cuts. Analysts predict that lower corporate tax rates could boost AMD's profitability, freeing up capital for reinvestment in its advanced semiconductor production and R&D efforts.

Investors see these policies as advantageous for tech manufacturers like AMD, which face rising costs in developing next-generation chips for data centers, ...

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