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AMD is nearing its best level in 13 years after Microsoft says it'll use it

By sohail9845 ·
AMD's stock price is closing in on levels not seen for 13 years . Shares of the chipmaker traded as high as $33.95 Monday , less than 1% below their March 2006 peak of $34.14 . A move above there would make for the highest print since March 2006.

At the Electronic Entertainment Expo held in Los Angeles , Microsoft announced the details of its next XBOX console , dubbed "Project Scarlett" which will be powered by AMD graphics and computer chips . Rival game - maker Playstation has also announced it will use AMD's chips .

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