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AMD +5.5% after 7nm GPU unveil, Nvidia CEO comments

Published 06/06/2018, 11:39 AM
© Reuters.  AMD +5.5% after 7nm GPU unveil, Nvidia CEO comments
AMD
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  • Advanced Micro Devices (NASDAQ:AMD) gains 5.5% after unveiling the first 7nm GPU.
  • The Radeon Vega prototype chip will become part of the Instinct line targeting accelerated machine learning. Specs weren’t disclosed but the chip does have four stacks of high-bandwidth memory totaling 32GB.
  • AMD shares are likely also benefitting from Nvidia’s CEO saying its next gaming GPUs won’t arrive for “a long time.”
  • AMD shares are up 44.5% YTD.
  • Previously: Nvidia CEO says next gaming GPUs won't come for "a long time" (June 6)
  • Now read: Follow CEO Su And Sell AMD


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