Nvidia stock price target raised to $200 from $147 at Instinet

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AMD stock touches highest price in 13 years, leads S&P 500 gains for year

Advanced Micro Devices Inc. shares touched their highest price in more than a dozen years Wednesday and have more than doubled over the year. AMD shares were last up 2.4% at $37.58, after touching an intraday high of $37.96, their highest price since March 21, 2006, when shares priced at $38, according to FactSet data. Year to date, AMD shares are up nearly 104%, making them 2019’s best performer so far on the S&P 500 index , which is up more than 23%. Second and third place go to chip-equipment makers Lam Research Corp. and KLA Corp. , respectively, shares of which have nearly doubled over the year. The PHLX Semiconductor Index is up 50% year-to-date. Shares of AMD rival Nvidia Corp. , which reports earnings on Thursday, are up nearly 57% for the year. AMD announced Wednesday that Apple Inc.’s new 16-inch MacBook Pro will feature the company’s 7-nanometer Radeon Pro 5500M and 5300M mobile graphics processing units.

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