AMD spikes as new takeover rumors surface (AMD)

pulse

March 7, 2018 8:01 PM

Shares of AMD (Advanced Micro Devices) jumped as much as 5% Wednesday as unconfirmed takeover rumors circulated around Wall Street, Bloomberg reported.

Shares of
It's not the first time the semi-conductor stock has jumped on takeover rumors. Shares spiked on similar reports in October 2017 which turned out to be false.
AMD is up 11.21% so far this year. Wall Street has an average target of $14.87 for the stock — 20% above Wednesday's prices, according to Bloomberg.

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