Why AMD Stock Jumped to a New All-Time High Today

Shares of Advanced Micro Devices (NASDAQ: AMD) climbed as high as $122.48 on Wednesday, marking a new record. As of 2:35 p.m. EDT, the popular tech stock was up more than 5%.

AMD debuted its Radeon PRO W6000X series graphics processing units (GPUs) for Apple's Mac Pro desktop computers on Tuesday. The new chips offer a powerful performance boost compared to prior models and are expected to see strong demand from professionals who require advanced graphics capabilities. 

Shares of Advanced Micro Devices are up sharply in recent days. Image source: Getty Images.

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Source Fool.com