AMD (AMD) Higher on Chatter
Advanced Micro Devices, Inc. (NYSE: AMD) is seeing sharp upside early Thursday, while peer Intel (Nasdaq: INTC) is under pressure on estimate cuts.
AMD last traded at 2.11 percent, up 7%.
Recent speculation had AMD selling all or part of the company, although the company threw cold water on the idea. Today there were reports from MarketWatch the company is looking to sell its Austin, Texas campus and enter a leaseback deal. A sale of the property could generate $150-$200 million.
AMD last traded at 2.11 percent, up 7%.
Recent speculation had AMD selling all or part of the company, although the company threw cold water on the idea. Today there were reports from MarketWatch the company is looking to sell its Austin, Texas campus and enter a leaseback deal. A sale of the property could generate $150-$200 million.