Advanced Micro Devices, Inc. (NASDAQ: AMD) is having an overwhelmingly strong start to the trading session today, and for good reason. There are reports surfacing that Intel (INTC) is interested in licensing a key product. Of course, this is leading to excitement among investors and gains in the value of the stock. As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:51), AMD is trading at $11.95 per share after a gain of $0.53 per share (4.64%) thus far today.
AMD Gains On Reports Of INTC License Interest
As mentioned above, Advanced Micro Devices is having a strong start to the trading session today as reports surface surrounding interest in a license by Intel. According to the reports, INTC is interested in licensing the AMD Ryzen product.
This could be overwhelmingly positive news for AMD. After all, if INTC does license Ryzen, it will widen the market for the product in a big way. We know that AMD has the ability to produce the Ryzen product for less than INTC can produce the competing product. So, there is a good reason for INTC interest here. However, at the moment, it is just a report of interest; no license deal has taken place yet.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on AMD, and INTC for that matter. At the end of the day, we’re interested in learning if there will be a license agreement between the two. We’ll continue to follow the story closely and bring the news to you as it breaks!
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