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AMD's value skyrockets after spin-off announcement

Dalo Harkin
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Dalo Harkin

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AMD's announcement yesterday about spinning off their manufacturing put a whole new perspective on the company, or so investors thought.

 

After it was revealed that the manufacturing business was bringing in a substantial loss for AMD in trying to compete with Intel, selling part of that unit has sent a clear message to investors. Shortly after the announcement, the companies value skyrocketed, increasing almost 19% in value in just a few hours. Later on the stock would take a step back to close at a more conservative 8.5% gain.

 

Sourced from AMD's value skyrockets after spin-off announcement - TechSpot News

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