Advanced Micro Devices or as popularly identified as, AMD on Thursday, 11th January made an announcement, stating that its microprocessors were susceptible to both variants of the recently-revealed security flaws, i.e. Spectre as well as Meltdown. Notably, this emerges only a few days after the company claimed that their chips weren’t at risk for these vulnerabilities.
According to a report published by Gadgets 360, the firm further added that there was no change in its position on the susceptibility of its chip to Spectre. After the company made the above-mentioned statement, their shares visibly fell by 4 percent. To recall, a team of researchers discovered and subsequently revealed a new set of security flaws, which would possibly give hackers access to personal information stored in the modern computing device of the system.
Chipsets from Intel, AMD and ARM Holdings were apparently affected by this problem. When this problem was revealed, investors in AMD believed that the chipset by their company did not exactly experience this problem. This led to the gain of AMD’s shares by almost 20 percent.
“AMD’s shares have gained nearly 20 percent since the flaws were made public on January 3 as investors speculated that it could wrest market share from Intel, which is most exposed to the flaws because it is vulnerable to all three variants,” notes the report by Gadgets 360.
AMD’s shares have dropped as much as 4 percent to $11.65 since they made the admission. They had recovered slightly towards the afternoon to $11.80 by 2.9 percent. The firm had taken to their official website to make this statement. “While we believe that AMD’s processor architectures make it difficult to exploit Variant 2, we continue to work closely with the industry on this threat,” Chief Technology Officer Mark Papermaster wrote in a blog post on Thursday.