AMD stock surges in wake of bullish analysts' report on new microchips

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Shares of Advanced Micro Devices Inc. moved sharply higher Monday after an analyst issued an optimistic report regarding the semiconductor company’s new generation of computer processors. AMD (Nasdaq: AMD) employs about 1,900 in Austin, including CEO Lisa Su. It is headquartered in California. Mark Lipacis, a technology-sector analyst for New York investment banking firm Jefferies LLC, wrote that AMD’s Ryzen microchips will cut into the market currently dominated by Intel Corp. (Nasdaq: INTC),...

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