Why AMD Shares Are Rising

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Shares of several companies in the broader technology sector, including Advanced Micro Devices, Inc. AMD are trading higher as investors anticipate earnings reports from major companies this week.

Major companies such as Netflix, Inc. NFLX and Tesla, Inc. TSLA are reporting third-quarter earnings results this upcoming Tuesday and Wednesday.

Advanced Micro Devices operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom.

AMD's stock was trading about 3.9% higher at $116.46 per share on Monday at the time of publication. The stock has a 52-week high of $122.49 and a 52-week low of $72.50.

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