A brand-new entry-level graphics processing system (GPU) stealthily made its launching on AMDs site this past weekend. AMDs stock is now up a spectacular 98% so far in 2020. Now, it appears that AMD is also trying to acquire ground on NVIDIA in the gaming graphics market.
AMDs stock is now up a sensational 98% so far in 2020. The chipmaker is rapidly taking share from rival Intel (NASDAQ: INTC) in the massive server processor market, as the semiconductor giant battles with pricey production hold-ups for its next-generation chips. Intels problems are driving cloud computing titans such as Amazon.com to deploy AMDs currently superior chips in droves..
Now, it appears that AMD is also attempting to pick up speed on NVIDIA in the video gaming graphics market. It will not be easy, as NVIDIA is a strong rival with strong technological know-how. However judging by todays gains, financiers like AMDs chances.
Now what.
Advanced Micro Devices stock hit a record high on Monday. Image source: Getty Images.
What took place
Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 6.2% to a closing high of $90.82 on Monday, as financiers cheered the launch of its brand-new gaming-focused processor..
So what.
A brand-new entry-level graphics processing system (GPU) stealthily made its launching on AMDs website this past weekend. The Radeon RX 5300 GPU guarantees “extraordinary performance and high-fidelity gaming.” It also is apparently more affordable than a similar graphics card from rival NVIDIA (NASDAQ: NVDA)..
Regardless of the peaceful launch, financiers took notification and bid up AMDs shares..
