Advanced Micro Devices (AMD 4.81%) stock closed out Wednesday's daily session with big gains. The semiconductor company's share price rose 4.9% in a day of trading that saw the S&P 500 index climb 1.6% and the Nasdaq Composite rise 2.5%. The stock had been up as much as 8.7% earlier in the day's trading. On the heels of recent sell-offs, AMD is now trading at roughly 20 times the average analyst target for this year's earnings -- although it's likely that earnings estimates will continue to come down as tra ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Silicon Valley chip maker Advanced Micro Devices (AMD) told regulators that the US might not grant newly required licenses for chips exported to China, hitting the company's bottom line. Chip developer Advanced Micro Devices (AMD) on Wednesday said it expects new US licensing requirements for semiconductors exported to China to ...