AMD Stock Is Rallying Again. Here’s Why This Time.

2021-08-05

Now, Nvidia competes with AMD in the graphics processor segment. But if the Arm acquisition goes forward, Nvidia would have a portfolio of central processor technology that could use to take on AMD’s data center and personal computer processor businesses.$AMD(AMD)$

On Tuesday, AMD announced a new line of its Radeon graphics processors for Apple’s Mac Pro. The stock jumped again after strong earnings from Xilinx,which AMD plans to buy for $35 billion.

AMD’s second-quarter financial report was bullish on the coming year. Executives expect revenue growth of 60% for the full year, an increase of 10 percentage points from prior guidance. The company, according to chief executive Lisa Su, is seeing strong demand across all of its businesses, and growing faster as a result.

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