Treasury cash report lifts AMD as semiconductor stocks rebound
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.