As discussed earlier, there is a turmoil going on since the Intel and AMD Meltdown and Spectre security holes were uncovered. As an icing on the cake, AMD has been hit with a class-action lawsuit that seeks to “recover damages for Advanced Micro investors under the federal securities laws”.

The Lawsuit

The lawsuit has been filed at ‘Rosen Law Firm’, which is a global investor rights firm. The lawsuit that has been kicked off on “behalf of purchasers of the securities of Advanced Micro Devices,” goes like:

Defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) a fundamental security flaw in Advanced Micro’s processor chips renders them susceptible to hacking; and (2) as a result, Advanced Micro’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

AMD has responded to the statement:

To be clear, the security research team identified three variants targeting speculative execution. The threat and the response to the three variants differ by microprocessor company, and AMD is not susceptible to all three variants. Due to differences in AMD’s architecture, we believe there is a near zero risk to AMD processors at this time. We expect the security research to be published later today and will provide further updates at that time.

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