July 17, 2024

AndronETalksNews

AndronETalksNews

AMD shares jump after company wins Meta partnership, announces new chips

CNBC

By Jessica Bursztynsky – November 8, 2021

AMD shares jumped more than 11% on Monday after the company announced it won Meta, formerly known as Facebook, as a chip customer.

AMD also revealed a range of new chips during the keynote of company’s Accelerated Data Center Premiere event.

The announcements help cement the company’s push against its competitors. AMD is in the process of taking market share from market leader Intel as cloud providers like Microsoft, Amazon and Google buy its chips to run their services. AMD has gained some performance advantages over competing Intel processors in recent years.