AMD stock spikes after Google confirms partnership for new video game streaming service – CNBC

AMD will power Stadia’s graphics rendering in the cloud, Google announced at the event, which AMD CEO Lisa Su attended. That marks a big win for AMD in the gaming space, where it competes with Nvidia on graphics chips. AMD’s stock spiked more than 5 percent earlier in the day after Morgan Stanley told clients that AMD had won the deal, according to Barron’s. The stock rallied even more after Google confirmed the deal on stage.

Stadia will allow players to jump into online games in minutes, rather than wait as much as several hours for a game to download on a computer or buy a physical copy.

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Watch: How Google’s video game streaming platform could be the Netflix of gaming


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