AMD is trading at $231.38 (+4.45%) as global markets rally following a US-Iran ceasefire and the reopening of the Strait of Hormuz.
- The stock is tracking a broader tech rebound, with NASDAQ futures climbing 3.23% and Asian markets surging up to 7% as oil prices plunge 15%.
- While no company-specific news was released today, AMD continues to benefit from recent tailwinds including CPU price hikes and expanding AI partnerships.