AMD's value skyrockets after spin-off announcement

By Justin Mann on
AMD's announcement yesterday about spinning off their manufacturing put a whole new perspective on the company, or so investors thought.

After it was revealed that the manufacturing business was bringing in a substantial loss for AMD in trying to compete with Intel, selling part of that unit has sent a clear message to investors. Shortly after the announcement, the company's value skyrocketed, increasing almost 19% in value in just a few hours. Later on the stock would take a step back to close at a more conservative 8.5% gain.

This is coming at a time when most tech companies have seen fairly significant losses in recent days and weeks. Even with the added confidence, AMD has a long road ahead of them.

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