Why Advanced Micro Devices Stock Rocketed Higher Today
Shares of Advanced Micro Devices (NASDAQ: AMD) soared on Thursday after the company launched its second-generation EPYC server processors. Alphabet subsidiary Google and Twitter both announced that they had or were planning to deploy the new chips, adding to AMD's customer list. As of 1:30 p.m. EDT, the stock was up 16.5%.
AMD's second-generation EPYC family of server processors are built on the same 7-nanometer manufacturing process as the company's latest Ryzen PC CPUs and Navi-based GPUs. The new EPYC chips feature as many as 64 cores based on the Zen 2 architecture, ranging in price from $450 to $6,950.
Image source: AMD.
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