On Sept. 30 AMD announced that Google Cloud is expanding its use of AMD's EPYC processors. Google Cloud previously offered developers the ability to use virtual machines powered by AMD's second-generation server processors. It will now be offering virtual machines powered by AMD's third-generation processor, which provides an improvement in price per performance. AMD's stock price closed 2.5% up after the company announced an expansion of its current collaboration with Alphabet's Google Cloud.
If you’ve been holding AMD for a little while you know it’s been a struggle. It took just about a year for price to break above it’s previous $100 resistance level and finally we’re trading above it. Advanced Micro Devices is coming towards the end of it’s symmetrical triangle on the daily chart so this might be something you want to keep your eyes on. You have heavy support at $100. MACD ready to turnover. RSI flat. Moving averages all in the right places. Wait for the break! Keep this on your watchlist. - Factor Four