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Why Advanced Micro Devices Surged 13.1% in July

·2 min read
Why Advanced Micro Devices Surged 13.1% in July
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Shares of Advanced Micro Devices (NASDAQ: AMD) rose 13.1% in July, according to data from S&P Global Market Intelligence. AMD is outgrowing the industry; as it takes market share, reaches greater scale, and the data center becomes a larger part of the business, management sees further growth in margins, targeting gross margins above 50% in the long run, up from 48% last quarter.