AMD stock jumped on Friday after it announced a partnership with Microsoft to develop components for the next Xbox.

Central to the next-gen Xbox’s capabilities is Microsoft’s enduring partnership with AMD, a collaboration that has consistently pushed the boundaries of gaming technology. This relationship, which began with the Xbox One, has reached new heights with the integration of AMD’s Ryzen Z2 Extreme AI chip.

Microsoft is confirming today that it’s working on a next-gen Xbox console in partnership with AMD. Xbox president Sarah Bond made the announcement in a minute-long video posted to YouTube, promising to deliver “an Xbox experience not locked to a single store or tied to one device.”