Home / Technology / Chipmaker AMD increases by up to 8% after the launch of the Nvidia Competitor Card (AMD).

Chipmaker AMD increases by up to 8% after the launch of the Nvidia Competitor Card (AMD).



AMD laboratoryAP Photo / Matthias Rietschel

  • Chipmaker Advanced Micro Devices quietly presented its AMD Radeon RX 5300, an entry-level card for games.
  • AMD shares even rose 8% on Monday.
  • The card is a competitor for a similar Nvidia product.
  • Watch AMD trading live on Markets Insider.
  • Read more about Business Insider.

Advanced Micro Devices shares rose as much as 8% Monday after the company quietly launched a new entry-level graphics card to compete with Nvidia.

At the weekend, AMD put the Radeon RX 5300 GPU graphics card on its website without further notice. The card is a competitor of the GeForce GTX 1

650 from Nvidia and undercuts its price.

The start under the radar comes after the semiconductor company beat analysts’ estimates when it reported better-than-expected results in July, boosted by sales of notebooks and server processors. In addition, AMD has raised its forecast for the current quarter and is confident of being able to meet the strong demand.

AMD rebounded over the course of 2020 – stocks have risen up to 99% since the start of the year.

Continue reading: Hopeful U.S. investing master Matthew Caruso posted a 382% return in the first half of 2020. He shares the unique twist he puts on a classic trading strategy – and three stocks he currently holds.

Screenshot 2020 08 31 at 3.02.29 a.m.Markets Insider


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