On Tuesday, Advanced Micro Devices, Inc. (NASDAQ: AMD) stock gained 2.98% and closed at 49.45. The stock opened the session at $49.21 and touched its highest price point at $49.75. Its recent trading capacity is 20442 shares versus to its average trading volume of 55354685 shares. The company stock lowest price point for the session stood at $48.61.
AMD (AMD) and Mercedes-AMG Petronas Formula One Team recently noted that a fresh terminal joint venture that combines the two firms’ enthusiasm for intense performance, beginning out from the 2020 Formula One™ year old.
The AMD logo will be visible on either side of the cockpit of this group’s 2020 Formula One automobile, on the drivers’ race matches and staff clothes and on trackside infrastructure.
The Mercedes-AMG Petronas Formula One Team is piloting using AMD commercial options, such as AMD EPYC™ server chips and AMD Ryzen™ PRO laptop chips, to maximize their different workstreams.
“At AMD, we’re at our best when we produce disruptive technologies that push the envelope of what is possible in high-speed computing,” said John Taylor, chief marketing officer at AMD. “We’re delighted to join forces with the Mercedes-AMG Petronas Formula One Team, a staff working at the frontier of technology and whom we’re a shared soul in providing incredible innovation and functionality from the mill to the racetrack.”
“Innovation is at the center of Formula We always attempt to push the technical boundaries in our search for functionality,” said Toto Wolff, Team Chief and CEO of this Mercedes-AMG Petronas Formula One Team. “We are thrilled to have AMD join our group as a partner and we look forward to the journey before us as we research complex options to unlock untapped performance possible.”
The Technology sector company, Advanced Micro Devices, Inc shares are at 41.73% for the quarter and driving a 104.93% return over the course of the past year and is now at 7.83% since this point in 2018. The average volatility for the week at 4.06% and for month was at 3.01%. Right now, the stock beta is 3.1.