AMD Remained the Busiest Symbol in May With the Chipmaker Reporting Quarterly Results


Advanced Micro Devices was the busiest stock at TradeStation Securities in May as the chipmaker reported strong quarterly results.

AMD held its position at the top of the rankings for the fourth straight month, according to TradeStation data. The company’s earnings, revenue and guidance beat expectations on May 3. CEO Lisa Su noted the company was at a “significant inflection point,” with a bigger potential market amid the acquisitions of Xilinx and Pensando. The shares proceeded to hit an 11-month low before reversing and ending May 19 percent higher.

The only big changes in the list resulted from Twitter (TWTR) and Netflix (NFLX) losing popularity. TWTR jumped into the top 10 in April amid an attempted takeover by Elon Musk, and slipped in May. NFLX also dropped from the rankings after a volatile April.

Here’s the complete list for April, according to TradeStation data:

  1. Advanced Micro Devices (AMD): The semiconductor company held the top spot for the fourth straight month.
  2. SPDR S&P 500 ETF (SPY): The market-tracking ETF remained at No. 2.
  3. ProShares UltraPro QQQ (TQQQ): The leveraged ETF climbed three notches from April.
  4. Tesla (TSLA): The electric-car giant inched down from third place in April.
  5. Apple (AAPL): The tech giant rose from No. 7 the previous month.
  6. Invesco QQQ Trust (QQQ): The Nasdaq-tracking fund rose two notches from April.
  7. Nvidia (NVDA): The semiconductor stock slipped from fifth place.
  8. ProShares UltraPro QQQ Short (SQQQ): The inverse leveraged fund moved up from tenth place the previous month.
  9. ProShares Trust Short S&P 500 (SH): The bearish fund, which moves opposite the S&P 500, rose from 13th in April.
  10. Meta Platforms (FB): The social media giant returned to the top 10 in May after ranking 12th the previous month.

The following symbols exited the top 10:

  • Twitter (TWTR): The social-media stock dropped from fourth place in April to 32nd in May.
  • Netflix (NFLX): The streaming-media stock dropped from ninth place in April to 29th in May.
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