AMD saw its biggest stock bump in seven weeks on the unveiling of Google’s Stadia streaming service.
The chipset manufacturer experienced a 12 per cent rise (below) as Google revealed AMD tech would be powering Stadia’s servers. But according to Bloomberg, this shouldn’t have come as such a surprise to Wall Street analysts who already knew AMD was involved with Google’s next gaming project.
AMD won’t be using any of its existing GPUs for Stadia; instead, creating a custom chip that promises 10.7 teraflops of processing power. That would be a significant jump over any existing home console.
Both AMD and competitor Nvidia should be keen on finding new frontiers to push after the crypto-crash saw GPU shipments drop 3.3 per cent. While Nvidia tends to dominate consumer PCs and data-centres, AMD has long been popular with console manufacturers and the Stadia deal could be a huge win for the firm.
Google Stadia boasted some impressive tech in its announcement last night. But Google isn’t the first firm to try its hand at seamless game streaming, and some glaring questions have been left unanswered.