AMD’s share price on track to close at highest value in over a decade
AMD is experiencing one of the highest stock value surges its enjoyed in over a decade. Despite Nvidia's graphics card announcement at Gamescom, the resurging tech company is riding high on data centre success with its EPYC components, Threadripper 2 taking the HEDT world by storm, and the promise of further 7nm success going forward. At the time of writing AMD’s stocks are sitting pretty at $23.69, 6.28% up. While I don't want to speak too soon, the market hasn't closed yet after all, Advanced Micron Devices, Inc. is on track for the best market close since October, 2006. Market analysts have been betting heavily on the company over the last few weeks, which has been a culmination of the semiconductor companies strong product lineup, mostly in the CPU department, over the last year and a half. It all kicked off with AMD Ryzen, but AMD has quickly managed to turn that CPU dominance in the mainstream sector toward a strong entry into the server and data centre market with EPYC - it’s massive server chips that hope to take down Intel’s dominant and industry-standard Xeon CPU lineup.
AMD’s share price on track to close at highest value in over a decade
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August 25, 2018
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