AMD takeover could happen, rumors flying thick and fast

AMD could be acquired by an unknown company, with rumors seeing AMD stock surge 5%

@anthony256

Published Mar 8, 2018 5:21 PM CST
Updated Nov 3, 2020 11:52 AM CST

36 seconds read time

As soon as I hit my desk this morning I read "unconfirmed takeover rumors" that AMD was to be acquired, with rumors hitting Wall Street, according to Bloomberg.

AMD takeover could happen, rumors flying thick and fast | TweakTown.com

AMD shares are up 5% from the takeover news, which is the largest single-day climb of AMD stock since January 3. There's nothing more to this rumor, but AMD is losing against NVIDIA in the gaming market - and at least keeping up in the cryptocurrency mining market. On the CPU side of things AMD has been banging some heads together, something that has sent Intel into a flurry.

I reached out to some of my usual contacts and asked if they had heard anything, with both of them not hearing much, or anything at all. I'm just reporting the news as usual, and right now I think an AMD acquisition makes sense for a few companies... but we'll have to wait and see.

NEWS SOURCES:businessinsider.com.au, thestreet.com

Anthony Garreffa

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.