Thursday December 08, 2016

AMD Stock Hits Six-Year High On Intel Rumors

Would you look at that? AMD's stock hit a six-year high yesterday after the rumors of a licensing deal between AMD and Intel hit the internet.

Shares of Advanced Micro Devices jumped to a nearly six-year high Tuesday amid more rumors of a licensing deal with longtime archrival Intel and after the chipmaker extended a partnership with chip-design software maker Mentor Graphics. Several tech online news sites on Tuesday, citing a post from tech news site HardOCP editor Kyle Bennett, said AMD is licensing its Radeon GPU to Intel, which the No. 1 chipmaker will use on its next-generation CPUs.

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