Shares of chip maker Advanced Micro Devices (AMD) are up 7 cents, or 3%, at $2.41, after PC and gaming gear enthusiast site KitGuru this afternoon said the company is attracting buyout interest from Microsoft (MSFT).

The site's Anton Shilov wrote that Microsoft "may acquire" AMD "in a bid to revive its chip design operations," citing an unnamed source. The article also states Microsoft held talks with AMD "several months ago."

The...