The roller coaster that is AMD’s stock price surged again Wednesday morning as it reached levels it hasn’t seen in more than nine years.
By 11 a.m., the stock sat at $11.60 per share, up more than 10 percent from its closing price Tuesday of $10.37.
An earnings report Tuesday showed a net loss of $51 million for the company but President and CEO Lisa Su said the company plans to release two new processors this quarter.
AMD has been battling two rivals to build processors that power some of the world’s more-advanced technology, including virtual reality and artificial intelligence.
Its Ryzen computer processor should be available in March.
“We remain on track to launch Ryzen in early March, with widespread system and channel availability Güvenilir Bahis Siteleri expected on Day 1,” Su said, according to a transcript of the earnings call.
AMD, which employs roughly 200 in Central Florida, has been steeped in a battle for control of the microprocessor market with Intel and Nvidia.
It’s been a decades-long battle that has been recently dominated by Intel, which in November held roughly 71 percent of the market share.
AMD held 13 percent of the market and Nvidia 16 percent in November.
At that point, the company was trading in the $8.50 to $8.75 range.
“We have been on a fairly deliberate path to ensure that we got to a very competitive roadmap,” Su said.
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