AMD shares soar as Amazon starts using its server chips

Jamie McKane

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AMD shares soar as Amazon starts using its server chips

Advanced Micro Devices Inc., Intel Corp.’s largest competitor in the market for computer processors, said Amazon.com Inc.’s cloud-computing unit is a new partner for its server chips. AMD shares gained as much as 8.8 percent on the announcement.

Amazon, the largest provider of cloud computing services, is now offering three of its most popular products based on AMD’s Epyc server chips, Matt Garman, vice president of computing at Amazon Web Services, said Tuesday at an AMD presentation in San Francisco.

[Bloomberg]
 

mr_norris

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Jun 12, 2007
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Them shooting up to $32 a few weeks ago was soaring. Dropping back down to the $17 and going up to $20 isn't what I'd call soaring. Here is just a little picture from the big picture:

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