AMD Shares Jump 3% After Microsoft Azure Partnership Announcement

AMD shares rose roughly 3% to $511.21 on July 20, 2026, after announcing an expanded partnership with Microsoft to deploy next-generation Instinct GPUs and EPYC CPUs across Azure. The deal spans GPUs, CPUs, networking, and software. AMD stock had fallen about 15% from its June 30 close of $580.91. The partnership did not specify a capacity target.