动静 on the morning of August 26th in Beijing time, AMD appointed Rory Read, former president and COO of Lenovo as the new CEO of the company on Thursday, thus bringing an end to the process of looking for a CEO since January this year. Under the stimulation of this favorable news, AMD stock price continued to rise with an increase of 0.5% while all lines of American high-tech stocks fell down.
Stocks closed lower on Thursday in the US. There was an unexpected rise in the number of people applying for unemployment benefits for the first time last week in the United States; German stock index futures were suddenly sold out, causing the global stock markets to fall. The Dow Jones fell by 170.89 points, or 1.51%; NASDAQ fell by 48.06 points, or 1.95%; S&P 500 Index fell by 18.33 points, or 1.56%. All lines of American tech stocks fell sharply. Although AMD only increased by 0.5%, it was the only stock that rose among nearly 30 individual stocks in the sector.
Rory Read is 49 years old and served as the president and COO of Lenovo which is currently in a period of rapid growth.
After taking over as CEO of AMD, Rory Read will be under pressure to become a developer of mobile device chips. Mobile devices are now one of the better performing areas in the hardware business. AMD hopes to catch up with its competitors Intel and ARM.
During a telephone conference with analysts, Rory Read did not reveal the detailed contents of his mobile strategy but said that he would perform like a boxer. Rory Read praised AMD employees but believed they had room for improvement in terms of work urgency. He said: "I think faster work is always the best, the faster the better, the bigger the better, these are all good things."
AMD stock price rose by $0.03 to close at $6.37, with an increase of 0.47%. In the past 52 weeks, the highest stock price of AMD was $9.58 and the lowest was $5.53.