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8/8, 6:25 PM (Source: TeleTrader)
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AMD shares surge 14% after new chip launch

Advanced Micro Devices (AMD) Inc.'s stocks surged on Thursday, a day after the chipmaker launched its Epyc processor chip for data centers which allegedly performs better consuming less power. The company revealed that Google and Twitter were among the first ones to order the new chip for their data centers and cloud-computing platforms.

The market of chips for data centers, however, remains dominated by Intel, which also lists Google and Twitter as customers.

At 12:20 pm ET, AMD was up by 14.18% to $33.330, highest in over two weeks. Intel stock traded flat at the same time.

Breaking the News / NI