Here's the Latest Reason AMD Stock Is a Screaming Buy

Share prices of Advanced Micro Devices (NASDAQ: AMD) jumped 10% on Monday, Nov. 8, after the chipmaker announced that Facebook parent Meta Platforms (NASDAQ: FB) has adopted its EPYC server CPUs (central processing units).

AMD stock closed the day at an all-time high as investors cheered the news, which isn't surprising as the new business could significantly boost the chipmaker's growth in the long run. Let's see why the adoption of AMD's server chips by Meta is going to be a big deal.

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Source Fool.com