AMD Shares Soar On Cloud Gains

CNBC reports that AMD shares are up on news of cloud computing gains.

The analyst cited how Microsoft, Baidu and Tencent announced their intentions to use AMD’s latest server chips in their cloud computing data centers. He predicts AMD’s share of the server processor market will rise to 2 percent by year-end 2017 and 8 percent by year-end 2018 from nearly 0 percent today.

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Chris Tom

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