Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

THE TRUTH ABOUT: Why amd stock is rising friday - The Untold Story

Advanced Micro Devices, Inc. AMD

Advanced Micro Devices Inc (NASDAQ:AMD) shares are trading higher Friday after Federal Reserve Chair Jerome Powell signaled a dovish pivot at the Jackson Hole Symposium, raising expectations that interest rate cuts could arrive sooner than anticipated.

What To Know: Powell warned that downside risks to employment are rising as job growth slows to just 35,000 per month, a marked deceleration from 2024's pace.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.