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. 

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Source Fool.com