AMD spikes after Amazon makes a big bet on its new processors (AMD, AMZN)
- AMD held a “Next Horizon” event on Tuesday, unveiling its 7-nanometer graphics products and microprocessors.
- During the event, AMD said Amazon will use its new processors for Amazon Web Services.
- That will give some Amazon Web Service customers lower prices for their cloud services.
- Watch AMD trade live.
AMD was rallying on Tuesday, up 7%, after Amazon said it would use AMD’s new line of processors for its cloud business.
During AMD’s “Next Horizon” event, the chipmaker unveiled its 7-nanometer graphics products and microprocessors, and said it was partnering with Amazon Web Services (AWS) to provide new general purpose