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Treasury cash report lifts AMD as semiconductor stocks rebound

AMD logoAMD
Sig0.80Sen+2.40Env0.00Soc0.00Gov0.00
Micron Technology logoMicron Technology
Sig1.15Sen+1.60Env0.00Soc0.00Gov0.00

Semiconductor shares rebounded on Aug. 25 as a wire report said the U.S. Treasury Department could use its near $1 trillion general account to fund possible bond repurchases, shifting Fed reserves and yields. AMD closed up 4.91% to $479.18, though it remains down over the past month. The outlook cited includes AMD’s Q3 revenue guide of about $13 billion, up 41% year over year.

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