AMD stock surges in wake of bullish analysts’ report on new microchips

Shares of Advanced Micro Devices Inc. moved sharply higher Monday after an analyst issued an optimistic report regarding the semiconductor company’s new generation of computer processors.
AMD (Nasdaq: AMD) employs about 1,900 in Austin, including CEO Lisa Su. It is headquartered in California.
Mark Lipacis, a technology-sector analyst for New York investment banking firm Jefferies LLC, wrote that AMD’s Ryzen microchips will cut into the market currently dominated by Intel Corp. (Nasdaq: INTC),…

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