AMD closed at $488.78... Binance contracts have no stock ownership
Original headlineAMD 488.78달러 마감…바이낸스 계약은 주식 소유권 없어
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AMD shares closed at $488.78 on Nasdaq, up 1.01% from the prior session, as investors weighed the chipmaker's latest results against crypto-linked exposure. AMD reported $13.4 billion in third-quarter revenue, with data center revenue reaching $8.5 billion, up 97% year over year. The company guided fourth-quarter revenue to roughly $17 billion. The distinction matters because Binance's AMD-linked contracts track price without conferring equity ownership, so holders get exposure to the stock's moves but none of the shareholder rights. Next up: whether AMD can deliver on its $17 billion fourth-quarter target and how data center demand holds up.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
AMD (AMD), Nasdaq, Binance
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