AMD shared price
THE LIGHT IS starting to shine at the end of AMD’s long, dark tunnel as stock prices rose by seven per cent yesterday.
The beleaguered chipmaker appears to be turning a corner, having unveiled its new Puma chips yesterday and winning an important legal battle in South Korea against arch rival Intel.
Along with the aforementioned two factors, increasing rumours that the company is preparing to go “asset light” (significantly lowering the firm’s capital investments) means investor confidence is soaring, taking AMD shares up by 50 cents to $7.69, a seven per cent increase.