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July 22, 2020, 12:08 p.m. EDT

AMD stock surges to 5-month high after announcement of new chips

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By Wallace Witkowski

Advanced Micro Devices Inc. /zigman2/quotes/208144392/composite AMD -2.12% shares rallied Wednesday after the chip maker said it was launching a new wave of PC chips based on its 7-nanometer architecture. AMD shares surged 7.6% to $61.31 in recent trading, their highest level since mid-February when they touched $59.27, while the PHLX Semiconductor Index /zigman2/quotes/210598361/realtime SOX -1.51% was only up 0.2%. The Santa Clara, Calif.-based chip maker said it launched its Ryzen 4000 series of desktop chips, and that partners like Lenovo Group Ltd. /zigman2/quotes/205368244/delayed HK:992 -2.17% and HP Inc. /zigman2/quotes/203461582/composite HPQ -0.99% will include the chips in the their PCs starting in the third quarter. One line of the 4000 series chips will include built-in Radeon graphics for gaming and content creations, while AMD's PRO series with security features will be focused on the enterprise market.

/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 74.93
-1.62 -2.12%
Volume: 51.08M
Sept. 18, 2020 4:00p
P/E Ratio
146.69
Dividend Yield
N/A
Market Cap
$89.87 billion
Rev. per Employee
$641,089
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/zigman2/quotes/210598361/realtime
US : Nasdaq
2,160.97
-33.17 -1.51%
Volume: 272,726
Sept. 18, 2020 5:16p
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/zigman2/quotes/205368244/delayed
HK : Hong Kong
HK$ 5.41
-0.12 -2.17%
Volume: 50.04M
Sept. 18, 2020 4:09p
P/E Ratio
11.95
Dividend Yield
5.14%
Market Cap
HK$66.44 billion
Rev. per Employee
HK$7.25M
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/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 18.95
-0.19 -0.99%
Volume: 21.73M
Sept. 18, 2020 4:04p
P/E Ratio
10.70
Dividend Yield
3.72%
Market Cap
$26.29 billion
Rev. per Employee
$1.07M
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