Why AMD Stock Jumped Today
Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 8.4% on Wednesday after the chipmaker announced a new line of desktop processors.
AMD's new Ryzen 4000 Series processors will be built on its "Zen 2" architecture and advanced 7-nanometer manufacturing process. They will integrate Radeon Graphics and are expected to deliver significant gains in performance and energy efficiency. AMD's processors are designed for the gaming and streaming markets, as well as mainstream consumers. A PRO class of chips, which contain high-end security features and other advanced technologies, is meant for the enterprise market.
The debut of Advanced Micro Devices' new Ryzen processors helped to drive its stock higher on Wednesday. Image source: Getty Images.
Source Fool.com
