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Takeover Rumors Push AMD Stock Prices Up

Category: General News
Posted: 09:47AM
Author:

Those of you with stock in AMD, or who just follow the stock market, may have noticed a sudden spike recently. The reason is rumors started circulating that someone was going to attempt a takeover of the company. The rumors are unsubstantiated and the name of the entity wanting to purchase the company is also unknown, so it is quite likely the rumors are not true, but it still did help push the stocks up to $12.68. There are other factors to increase the company's valuation of course, including the recent release of the Ryzen APUs, upcoming release of the Ryzen 2000 processors, continued sales of Vega-based graphics cards, and that EPYC-based datacenter products are hitting OEM channels.

Source: WCCFtech



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