: AMD stock rises after announcement of new laptop chip

/ / News

Advanced Micro Devices Inc. AMD shares rose Tuesday following the announcement of a new laptop chip. At CES 2021, AMD Chief Executive Lisa Su in her keynote address said the chip maker was rolling out the Ryzen 5000 Zen 3 series of laptop chip that is said to allow a laptop to run 17.5 hours of normal use or 21 hours of movie viewing on one charge. The chip is expected to debut in about 150 models of laptops this year, with the first models coming out in February. AMD shares, which were flat at the beginning of keynote, were up 1.4% after the announcement in recent activity.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.