AMD's stock rallies as Amazon's AWS deploys Epyc chips
Advanced Micro Devices Inc. shares surged in Tuesday trading after the chip maker announced that its data center chips were available on Amazon.com Inc.'s Amazon Web Services. AMD shares leapt to an intraday high of $21.65 following the announcement and were last up 7.3% at $21.36. AMD said that AWS's Elastic Compute Cloud, or EC2, is now using its Epyc datacenter chip. "The availability of multiple AMD EPYC processor-powered instances on Amazon EC2 instances marks a significant milestone in the growing adoption of our high-performance CPUs with cloud service providers," said Forrest Norrod, AMD's general manager for datacenter and embedded solutions, in a statement. Amazon shares were up 1.4% at $1,651.23, and the S&P 500 index was up 0.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.