Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries AMD soars to a 5-month high (AMD) By: Business Insider March 21, 2019 at 14:31 PM EDT Fabrizio Bensch/REUTERSAMD shares on Thursday spiked to their best level in over five months.They have gained about 20% since Google on Tuesday said it would use the chipmaker's graphics processing units for its new streaming-video-game service. Watch AMD trade live.AMD shares on Thursday soared over 8% to their best level in more than five months as traders continued to pile in following Tuesday's announcement that Google would be using the chipmaker's graphics processing units for its streaming-video-game service Stadia.Shares have gained nearly 20% since Monday's close, but Ihor Dusaniwsky, managing director of predictive analytics at the financial technology and analytics firm S3 Partners, says there's still no signs of short-sellers running for cover. "Seeing mixed activity today – lots of shorting and covering," he told Markets Insider in an email. On Tuesday, Dusaniwsky noted the move looked like "a FOMO rally with buyers looking to get in before they miss the early and chunky profits."Meanwhile Jefferies analyst Mark Lapacis said the presence of Lisa Su at Google's developer's conference was a hint that a stronger bond between the two companies could be on the horizon.He noted that the "conspicuous absence of Intel from the announcement suggests a close relationship between AMD and Google and the increasing likelihood that Google will ultimately announce that it will use AMD EPYC 2 server MPUs." A deal between Google and AMD on servers would be more important than the GPU announcement for gaming because it represents a $25 billion-a-year market, according to Lapacis. He says the consensus only sees AMD grabbing 10% of that market over the next 12 to 24 months.AMD shares have gained more than 50% this year, including Thursday's advance. NOW WATCH: The founder and CIO of $12 billion Ariel Investments breaks down how his top-ranked flagship fund has crushed its peers over the past 10 yearsSee Also:33 of the most dangerous things science has strongly linked to cancerHow to win the lottery, according to a Romanian-born mathematician who hacked the system, won 14 times, and retired on a remote tropical islandHere's why the proposed breakup of big tech is giving some experts painful flashbacks to the financial crisis Related Stocks: Adv Micro Devices Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
AMD soars to a 5-month high (AMD) By: Business Insider March 21, 2019 at 14:31 PM EDT Fabrizio Bensch/REUTERSAMD shares on Thursday spiked to their best level in over five months.They have gained about 20% since Google on Tuesday said it would use the chipmaker's graphics processing units for its new streaming-video-game service. Watch AMD trade live.AMD shares on Thursday soared over 8% to their best level in more than five months as traders continued to pile in following Tuesday's announcement that Google would be using the chipmaker's graphics processing units for its streaming-video-game service Stadia.Shares have gained nearly 20% since Monday's close, but Ihor Dusaniwsky, managing director of predictive analytics at the financial technology and analytics firm S3 Partners, says there's still no signs of short-sellers running for cover. "Seeing mixed activity today – lots of shorting and covering," he told Markets Insider in an email. On Tuesday, Dusaniwsky noted the move looked like "a FOMO rally with buyers looking to get in before they miss the early and chunky profits."Meanwhile Jefferies analyst Mark Lapacis said the presence of Lisa Su at Google's developer's conference was a hint that a stronger bond between the two companies could be on the horizon.He noted that the "conspicuous absence of Intel from the announcement suggests a close relationship between AMD and Google and the increasing likelihood that Google will ultimately announce that it will use AMD EPYC 2 server MPUs." A deal between Google and AMD on servers would be more important than the GPU announcement for gaming because it represents a $25 billion-a-year market, according to Lapacis. He says the consensus only sees AMD grabbing 10% of that market over the next 12 to 24 months.AMD shares have gained more than 50% this year, including Thursday's advance. NOW WATCH: The founder and CIO of $12 billion Ariel Investments breaks down how his top-ranked flagship fund has crushed its peers over the past 10 yearsSee Also:33 of the most dangerous things science has strongly linked to cancerHow to win the lottery, according to a Romanian-born mathematician who hacked the system, won 14 times, and retired on a remote tropical islandHere's why the proposed breakup of big tech is giving some experts painful flashbacks to the financial crisis Related Stocks: Adv Micro Devices