AMD Stock Surged

AMD stock rose 9.8% on Tuesday, to close at $29.03 per share.

Advanced Micro Devices stock has more upside because of its new line of chips, according to Wall Street analysts.

AMD stock (ticker: AMD) has risen more than 40% so far this year as investors have grown optimistic about the company’s product pipeline for 2019.

AMD announced its new “Zen 2” family of desktop processors, which will be available for sale on July 7.

The chips are estimated to outperform AMD’s previous generation by up to 15% in terms of IPC (Instructions Per-Clock).

AMD also confirmed its Rome server chips will be released in the third quarter.

Source: Barron’s