Motley Fool

Why AMD Stock Surged to a New All-Time High Today

Shares of Advanced Micro Devices (NASDAQ: AMD) jumped on Monday after the chipmaker said it had won business from Facebook’s parent company, Meta Platforms (NASDAQ: FB). During its Accelerated Data Center Premiere virtual event, AMD debuted an array of new product offerings, including high-performance chips designed to help the semiconductor leader gain share in the fast-growing artificial intelligence market. The big news, however, was that Meta chose AMD’s EPYC processors for its massive data center needs.

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