AMD and Xilinx: stock trading during acquisition talks

Advanced micro devices (AMD) – Get report and Xilinx (XLNX) – Get report were on the move Friday as a possible acquisition was underway.

Shares of Xilinx were up nearly 17% at one point on Friday upon news that AMD was working on a $ 30 billion withdrawal from the company. For its part, AMD stock was down about 4% on the news.

The news is coming fast and furious, with TheStreet’s Jim Cramer himself suggesting that Xilinx may not be interested in a purchase.

All of this comes after Nvidia’s (NVDA) – Get report recent announcement that it will acquire Arm Inc. in a $ 40 billion deal. Clearly both Nvidia and AMD are looking to spread their dominance and grow through M&A.

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