_AMD shot up 9.1% to 8.37 in morning trade on the stock market today, a 4-year high. It's now slightly extended from a proper buying zone. AMD rose 10% to 7.67 on Wednesday, just closing above a 7.63 entry area.
AMD was added to IBD's Swing Trader on Wednesday, but hit its 10% profit goal in less than four trading hours and was removed to lock in gains.
AMD leapt Wednesday on news that Google will use its FirePro server GPUs for its cloud-computing platform starting next year. AMD is trying to gain ground in that market as Nvidia (NVDA) already serves Amazon (AMZN) Web Services, Microsoft (MSFT) cloud offering Azure and others. AMD and Nvidia are longtime rivals in graphics chips, which have turned out to have uses in many new fields such as cloud computing, autonomous driving and artificial intelligence._
AMD continued to rally following news that Alphabet (GOOGL)-unit Google will use its chips in its cloud platform.
Cool story, bro!
Time Will Tell