NEW YORK – Shares of semiconductor powerhouse Advanced Micro Devices Inc (NASDAQ: AMD) finished the regular trading session slightly in the red, but showed signs of recovery in after-hours activity. According to market data reported around 12:30 AM EDT on April 29th, AMD stock closed at $96.39 USD. This represented a modest decline of $0.25, or 0.26%, compared to the previous day’s close.
However, activity didn’t stop at the closing bell. In after-hours trading, AMD shares ticked higher, reaching $96.63. This marks a gain of $0.24, or 0.25%, from the regular session close, effectively erasing the day’s minor loss.
The regular trading session itself, likely reflecting the activity on April 28th based on the 1-day chart, was characterized by significant volatility. AMD opened the day lower at $95.58, well below the previous close of $96.64. Selling pressure intensified early in the session, driving the stock down to its intraday low of $94.27. From that point, buyers stepped in, initiating a steady recovery throughout the morning and into the afternoon. The stock climbed back, reaching an intraday high of $97.49, surpassing the previous day’s close momentarily before settling back down to the $96.39 closing price. The chart shows this V-shaped recovery followed by more sideways price action towards the end of the standard trading hours.
Investors closely monitor several financial metrics for AMD. The company currently boasts a substantial Market Cap of approximately $155.79 billion, underscoring its major role in the crucial semiconductor industry. From a valuation standpoint, AMD carries a high Price-to-Earnings (P/E) ratio of 96.16. This elevated P/E multiple often indicates strong market expectations for future earnings growth. The data also confirms that AMD does not currently pay a Dividend Yield.
To contextualize the current price, it’s useful to look at the stock’s performance over the past year. AMD has experienced a wide 52-week range, trading as high as 76.48. The current closing price of $96.39 sits significantly below the 52-week high but remains comfortably above the low point touched within the last year. This positioning suggests the stock has seen considerable pullback from its peak but has maintained a level well above its yearly lows.
The slight dip during regular hours followed by the after-hours bounce highlights the dynamic nature of trading in tech and semiconductor stocks. As a key player in CPUs, GPUs, and data center technology, AMD’s performance is often scrutinized by investors looking for insights into the broader technology sector trends.
