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AMD Shares skyrocket

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After AMD’s Q1 2016 financial report, their stocks rose to $3.99USD, a jump of 52.29% making it the largest gainer and most active stock on the NASDAQ for the day. 140million stocks were traded which is more than 10 times the usual 50 day average (12 million.) AMD announced they are working with THATIC to develop high performace x86 for China to hopefully get more market share against the big powerhouse that is Intel. This joint venture with AMD and THATIC should net AMD a nice sum of $293 million as well as royalty payments.

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