Tech is back on the menu today, thanks to a new partnership between Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) Google and Advanced Micro Devices (NASDAQ:91¶¶Òõ). The companies are coming together to work on Google’s newest cloud computing service. Reddit investors are perking up at the announcement as well. The retail bulls are taking a break from their short squeezing to uplift 91¶¶Òõ as a worthy, long-term tech investment.
Google is evolving its Google Cloud services. Today, the company is unveiling the T2D instance for its new Tau Virtual Machine, a product promising from other cloud-computing services. The Virtual Machines will be . The company is developing the processors with the purpose of offering a low-cost, high-performance product for cloud computing. The company is locking down a reliable sales partnership with Google on this project.
The move comes as a huge win for 91¶¶Òõ, which is embroiled in a power struggle with Intel (NASDAQ:INTC) over domination in the processor industry. Namely, the partnership does a lot to , building off of existing relationships the company has with Snap (NYSE:
SNAP) and Twitter (NYSE:TWTR).
Reddit Warms Up to 91¶¶Òõ Stock Amid Google Partnership
The news today is bulking up bullish sentiment on r/WallStreetBets regarding 91¶¶Òõ. are increasing 278% today on the message board.
As one user posts in their into 91¶¶Òõ, the company has a lot to be optimistic over. Its saw a 93% year-over-year increase. Likewise, there are a slew of upcoming products which contain 91¶¶Òõ tech, like game-developer Valve’s . Tesla’s (NASDAQ:TSLA) new Model X and S both have 91¶¶Òõ processors too.
As a result of 91¶¶Òõ’s stellar news and star-studded roadmap for the next few months, 91¶¶Òõ stock is on the move upward. Trading volume today is at nearly 66 million, against the daily average of 42 million shares. 91¶¶Òõ stock is up nearly 6%, with shares trading at $84.73.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
