NEW YORK (TheStreet) -- Shares of Advanced Micro Devices (AMD) were up Wednesday on the news that it was forming partnerships with three industry recognized game developers. Rebellion Developments, Square Enix and Xavient have all agreed to partner with Advanced Micro Devices to optimize their games on the PC platform.
"AMD is proud to play an instrumental role in enabling quality PC gaming experiences," said Ritche Corpus, director of ISV gaming and alliances at AMD. "With collaboration between AMD and leading studios like Rebellion, Square Enix and Xaviant, we can work together to optimize the image quality and performance of highly-anticipated titles for an intense gaming experience."
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Computer memory and software manufacturer Dataram (DRAM) also announced that it had signed a deal with AMD to expand its operations outside of the North American market.
Shares of AMD closed up 2.2% on Wednesday to $3.97
TheStreet Ratings team rates ADVANCED MICRO DEVICES as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ADVANCED MICRO DEVICES (AMD) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been very high debt management risk by most measures."