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Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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Shares of Advanced Micro (AMD) Rally on New Intel Licensing Deal
On Tuesday, shares of Advanced Micro Devices (AMD - Free Report) are rallying, up about 7.4% in midday trading after tech site Fudzilla reported that Intel (INTC - Free Report) has agreed to license its graphics chips after its deal with Nvidia (NVDA - Free Report) expired.
Intel’s deal with Nvidia ended on March 17, 2017. The two companies apparently disagreed over licensing the nForce chipset—a motherboard chipset created by Nvidia—which resulted in a $1.5 billion settlement that Intel agreed to pay for five years, said Fudzilla.
While the report was short on detail, Fudzilla did say that the agreement will now allow Intel to access AMD’s graphics Intellectual Properties, as well as most things dealing with AMD’s Radeon technology. It is still unclear, however, when the deal will be formally announced.
Over the past year, AMD has gained over 211%, and this deal with Intel will likely boost its value even more. AMD is currently a #3 (Hold) on the Zacks Rank, with a VGM score of ‘C.’
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. Price and Consensus | Advanced Micro Devices, Inc. Quote
5 Trades That Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today, Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>