SANTA CLARA, Calif. – May 30 – Shares of semiconductor powerhouse Advanced Micro Devices Inc (AMD) are trading lower in the initial hours of the May 30th session. As of 10:37 AM GMT-4, AMD stock was priced at 111.52 USD, reflecting a decrease of 1.50 USD or 1.33% for the day.
The chipmaker began the trading day at 111.58 USD. During the morning’s activity, AMD shares reached an intraday high of 112.11 USD and touched a low of 110.02 USD. This current price point is notably below the previous day’s closing value of 113.03 USD, indicating some selling pressure on the stock.
From a valuation standpoint, Advanced Micro Devices currently carries a Price-to-Earnings (P/E) ratio of 81.75. The company does not currently offer a dividend yield. Its market capitalization is reported at 17.92KCr.
Over the past year, AMD’s stock has seen significant fluctuation, with a 52-week high of 187.28 USD and a 52-week low of 76.48 USD. Today’s trading places the stock well above its annual low but considerably off its peak, as investors monitor developments in the highly competitive semiconductor industry.
