Why AMD Stock Jumped to a New All-Time High Today
Shares of Advanced Micro Devices (NASDAQ: AMD) climbed 6.2% to a closing high of $90.82 on Monday, as investors cheered the launch of its new gaming-focused processor.
A new entry-level graphics processing unit (GPU) stealthily made its debut on AMD's website this past weekend. The Radeon RX 5300 GPU promises "exceptional performance and high-fidelity gaming." It also is reportedly cheaper than a comparable graphics card from rival NVIDIA (NASDAQ: NVDA).
Despite the quiet launch, investors took notice and bid up AMD's shares.
Source Fool.com
