Advanced Micro Devices Inc.
(NASDAQ:AMD) stock traded higher in premarket action Monday, recovering part of last week's sharp decline as improving risk appetite lifted semiconductor stocks and other growth-oriented technology names.
AMD shares gained about 2% before the opening bell, while Nasdaq futures rose 0.67% and S&P 500 futures advanced 0.26%.
AMD Rebounds After Sharp Semiconductor Selloff The recovery follows a difficult Friday session in which AMD shares closed down 10.86% amid a broad retreat across the semiconductor sector.
The weakness was largely linked to investor reaction following quarterly results from Broadcom Inc.
