Advanced Micro Devices: This Is Why AMD Stock Soared

Why Is AMD Stock on the Rise? Advanced Micro Devices, Inc. (NASDAQ:AMD) had quite the day Tuesday, with AMD stock rising by about nine percent after the company reportedly entered a licensing deal with fellow chip-maker, Intel Corporation (NASDAQ:INTC). AMD stock got a boost as, according to Investors Business Daily, the chip company is said to be licensing its popular "Radeon" graphics processing unit to be used in Intel's next generation of CPUs. This would be a big coup for AMD stock, as Intel is currently partnered with rival NVIDIA Corporation (NASDAQ:NVDA). That deal expires in March, which leaves room for AMD to potentially edge out its competitor.