AMD stock takes a break after a rally of more than 200% after 3 months

Shares of Advanced Micro Devices Inc. gave up their 12-year highs to close lower on Thursday, playing the flea market against the tide, while the rest of the chips sector rebounded after a recent sell .

All year, AMD

AMD, -5.37%

Equities have reached record highs for the past 12 years, reaching levels never seen since 2006, when equities stood at $ 42.70 this month, dropping to $ 16.90 at the end of July. On Thursday, stocks traded at $ 34.14, up 6%, but fell at noon to finish at 5.4% to $ 30.48.

AMD shares were the most traded on the S & P 500 index

SPX, + 0.53%

– a current event, with a volume of more than 301 million shares; Micron Technology Inc. is the second most traded security.

MU, + 4.50%

, with more than 59 million shares in exchange for hands. Over the past 52 weeks, AMD and Micron have been, on average, the most actively traded shares in the third and fourth positions, with 66.2 million shares and 44.5 million shares, respectively, on the S & P 500 index.

Despite the downturn on Thursday, AMD's shares are still up 11% from the PHLX Semiconductor Index.

SOX, + 1.20%

0.1% gain. AMD's share price has experienced unprecedented growth over the past 98 sitting days, up more than 220% and up 197% over the year. This makes AMD's stock among the best of the year.

Lily: AMD's short sellers were shaken by the "stealthy short squeeze"

On Thursday, FBN Securities initiated an outperformance and a target price of $ 40 on AMD shares. Shares closed Tuesday at over $ 30 for the first time in more than 12 years, after Hans Mosesmann, a senior analyst at Rosenblatt Securities, raised his price target of $ 40 to $ 30.

Micron, for its part, finished up 4.5% to $ 43.62, after a period of shortage that left the stock down 2.8% over the week despite Thursday's gain.

The SOX index closed up 1.2% Thursday, while the S & P 500 index rose 0.5% and the Nasdaq Composite index, a technology-intensive sector. .

COMP + 0.75%

gained 0.8%. The SOX index, up 15% from the previous year, is up 8.7% since the beginning of the year, against 8.6% for the S & P 500 and 16.1% for the Nasdaq.

Nvidia Corp.

NVDA, + 1.17%

shares rose 1.2% after the chip maker announced that new AI uses for its chips were based on its Turing architecture.

Fleas inventories that increased 2% or more on Thursday included Qualcomm Inc.

QCOM, + 3.99%

, Skyworks Solutions Inc.

SWKS, + 3.37%

, Broadcom Inc.

AVGO, + 2.41%

, Qorvo Inc.

QRVO, + 2.50%

and Teradyne Inc.

TER + 2.02%

.

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