Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles. The company provides x86 microprocessors for desktop PCs under the AMD Ryzen, AMD Ryzen PRO, Ryzen, Threadripper, AMD A-Series, AMD FX, AMD Athlon, AMD Athlon PRO, and AMD Pro A-Series processors brands; microprocessors for notebook and 2-in-1s under the AMD Ryzen, AMD A-Series, AMD Athlon, AMD Ryzen PRO, AMD Athlon PRO, and AMD Pro A-Series processors brands; microprocessors for servers under the AMD EPYC and AMD Opteron brands; and chipsets under the AMD trademark. It also offers discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics and AMD Embedded Radeon brands; professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands; and Radeon Instinct and AMD Instinct accelerators for servers. In addition, the company provides embedded processor solutions under the AMD Opteron, AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment manufacturers, public cloud service providers, original design manufacturers, system integrators, independent distributors, online retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Santa Clara, California.
IPO Year:
Exchange: NASDAQ
Website: amd.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/9/2024 | $180.00 → $155.00 | Buy → Neutral | BofA Securities |
10/30/2024 | $210.00 → $185.00 | Buy | TD Cowen |
8/20/2024 | Buy | Edward Jones | |
8/19/2024 | $210.00 | Buy | TD Cowen |
7/15/2024 | $200.00 → $210.00 | Buy | TD Cowen |
6/10/2024 | $176.00 | Overweight → Equal-Weight | Morgan Stanley |
5/13/2024 | $200.00 → $190.00 | Buy | Jefferies |
5/7/2024 | $190.00 | Hold → Buy | DZ Bank |
4/18/2024 | $185.00 → $200.00 | Buy | TD Cowen |
4/16/2024 | $200.00 | Outperform | Evercore ISI |
BofA Securities downgraded Advanced Micro Devices from Buy to Neutral and set a new price target of $155.00 from $180.00 previously
TD Cowen reiterated coverage of Advanced Micro Devices with a rating of Buy and set a new price target of $185.00 from $210.00 previously
Edward Jones initiated coverage of Advanced Micro with a rating of Buy
TD Cowen reiterated coverage of Advanced Micro with a rating of Buy and set a new price target of $210.00
TD Cowen reiterated coverage of Advanced Micro with a rating of Buy and set a new price target of $210.00 from $200.00 previously
Morgan Stanley downgraded Advanced Micro from Overweight to Equal-Weight and set a new price target of $176.00
Jefferies initiated coverage of Advanced Micro with a rating of Buy and set a new price target of $190.00 from $200.00 previously
DZ Bank upgraded Advanced Micro from Hold to Buy and set a new price target of $190.00
TD Cowen reiterated coverage of Advanced Micro with a rating of Buy and set a new price target of $200.00 from $185.00 previously
Evercore ISI initiated coverage of Advanced Micro with a rating of Outperform and set a new price target of $200.00
Advanced Micro Devices, Inc (NASDAQ:AMD) has postponed the launch of its highly anticipated Zen 5 processors, including the 16-core, 32-thread Ryzen 9 9950X, which it claims to be “the world’s most powerful desktop consumer processor.” The company discovered that some initial production units still needed to undergo the full range of quality checks, the Verge reports. The new launch dates are August 8 for the Ryzen 7 9700X and Ryzen 5 9600X and August 15 for the Ryzen 9 9950X and Ryzen 9 9900X. The new lineup includes the Ryzen 9 9950X, Ryzen 9 9900X, Ryzen 7 9700X, and Ryzen 5 9600X. Regarding recent issues faced by Intel Corp (NASDAQ:INTC) with its 13th and 14th Gen desktop pro
Semiconductor stock Advanced Micro Devices (NASDAQ:AMD) was among the technology stocks that fell Wednesday on the heels of earnings reports from Tesla Inc (NASDAQ:TSLA) and Alphabet being dissected by investors. What Happened: AMD stock is now down year-to-date after Wednesday's decline. The drop comes as there was some optimism across social media from photos shared by company CEO Lisa Su. Su shared pictures of an event with Tesla that she attended. "Great spending time with the Tesla team talking about AI, leadership and more! Proud to partner with such an amazing team! Thanks for the invite!" Su tweeted. Benzinga reached out to Tesla and AMD for more commentary on the meeting
This was a fascinating week featuring political shifts, increased market volatility, and a week-long drop in the stock prices of the mega-cap tech leaders that have been supporting the equity market indexes the past couple of years. This week, we’re focused on higher retail sales and wondering if anything will slow the consumer. Higher jobless claims make people think the Fed is almost 100% certain to cut rates by September. China is trying to keep its banks from imploding. Treasury Secretary, Yellen, is shortening the duration of the government bond market leading to larger auctions with less comparative demand. (Don’t worry – we’ll explain.) Finally, I address some critics who insist that
U.S. chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Taiwan Semiconductor Manufacturing Co (NYSE:TSM), Broadcom Inc (NASDAQ:AVGO), Qualcomm Inc (NASDAQ:QCOM), Arm Holdings Plc (NASDAQ:ARM), Intel Corp (NASDAQ:INTC), Micron Technology, Inc (NASDAQ:MU) are trading lower on Wednesday. Tesla Inc (NASDAQ:TSLA) and Google parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) second-quarter earnings on Tuesday failed to impress the Street and are dragging the stocks lower. Tesla, a key Nvidia customer, reported second-quarter revenue growth of 2% year-on-year to $25.5 billion, beating the consensus estimate of $24.7 billion. EPS of $0.52 lagged the consens
https://x.com/LisaSu/status/1816105459029274933
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CRWD PUT TRADE BEARISH 07/26/24 $260.00 $41.4K 2.5K 10.9K NVDA CALL SWEEP
Advanced Micro Devices, Inc (NASDAQ:AMD) announced Monday that President Victor Peng will retire effective August 30, 2024. Peng will remain on the AMD executive team in an advisory capacity to aid the transition until his retirement. Victor Peng re-joined AMD in 2022 after the acquisition of Xilinx, playing a crucial role in integrating and expanding AMD’s embedded business and leading the company’s AI strategy. Also Read: TSMC and AI Chip Stocks Rise Premarket Following Biden’s Exit and China’s Rate Cuts Under his leadership, AMD emerged as the top FPGA and adaptive computing solutions provider. He became AMD’s president in February 2022 following the Xilinx acquisition, where
Financial giants have made a conspicuous bullish move on Advanced Micro Devices. Our analysis of options history for Advanced Micro Devices (NASDAQ:AMD) revealed 38 unusual trades. Delving into the details, we found 44% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $785,921, and 23 were calls, valued at $1,479,642. Predicted Price Range Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $270.0 for Advanced Micro Devices over the last 3 months. Analyzing Volume & Open Interest Assessing the volume and open interest is a strat
In a recent development, Broadcom Inc. (NASDAQ:AVGO) is making significant strides in the AI stock market, posing a challenge to Nvidia Corporation (NASDAQ:NVDA). What Happened: The report, based on recent interactions with investors in New York and Connecticut, indicates that Broadcom’s specialized AI business is gaining traction, Business Insider reported on Tuesday. The company has been assisting cloud giants like Alphabet (NASDAQ:GOOGL) and Amazon Inc. (NASDAQ:AMZN) in developing customized AI chips for internal use. “AVGO is catching up to NVDA as the top holding as AVGO has more AI customers joining (OpenAI and Bytedance) and accretion from VMware,” Citi noted. However, Broadcom’
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SANTA CLARA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2024 of $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.7 billion, net income was $1.5 billion and diluted earnings per share was $0.92. "We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors," said AMD Chair and CEO Dr. Lisa Su. "Looking forward, we see significant growth opportunities a
SANTA CLARA, Oct. 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report fiscal third quarter 2024 financial results on Tuesday, Oct. 29, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technol
— Strategic acquisition to provide AMD with industry-leading systems expertise to accelerate deployment of optimized rack-scale solutions addressing $400 billion data center AI accelerator opportunity in 2027 — ZT Systems, a leading provider of AI and general purpose compute infrastructure for the world's largest hyperscale providers, brings extensive AI systems expertise that complements AMD silicon and software capabilities Addition of world-class design and customer enablement teams to accelerate deployment of AMD AI rack scale systems with cloud and enterprise customers AMD to seek strategic partner to acquire ZT Systems' industry-leading manufacturing business Transaction expected to
SANTA CLARA, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the second quarter of 2024 of $5.8 billion, gross margin of 49%, operating income of $269 million, net income of $265 million and diluted earnings per share of $0.16. On a non-GAAP(*) basis, gross margin was 53%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.69. "We delivered strong revenue and earnings growth in the second quarter driven by record Data Center segment revenue," said AMD Chair and CEO Dr. Lisa Su. "Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the
SANTA CLARA, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report fiscal second quarter 2024 financial results on Tuesday, July 30, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AM
SANTA CLARA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2024 of $5.5 billion, gross margin of 47%, operating income of $36 million, net income of $123 million and diluted earnings per share of $0.07. On a non-GAAP(*) basis, gross margin was 52%, operating income was $1.1 billion, net income was $1.0 billion and diluted earnings per share was $0.62. "We delivered strong first quarter results with our Data Center and Client segments each growing more than 80% year-over-year driven by the ramp of MI300 AI accelerator shipments and the adoption of our Ryzen and EPYC processors," said AMD Chair and CEO Dr. Lisa Su. "This is
SANTA CLARA, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report fiscal first quarter 2024 financial results on Tuesday, Apr. 30, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AM
SANTA CLARA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2023 of $6.2 billion, gross margin of 47%, operating income of $342 million, net income of $667 million and diluted earnings per share of $0.41. On a non-GAAP(*) basis, gross margin was 51%, operating income was $1.4 billion, net income was $1.2 billion and diluted earnings per share was $0.77. For the full year 2023, the company reported revenue of $22.7 billion, gross margin of 46%, operating income of $401 million, net income of $854 million and diluted earnings per share of $0.53. On a non-GAAP(*) basis, gross margin was 50%, operating income was $4.9 billion, ne
SANTA CLARA, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report the fiscal fourth quarter and full year 2023 financial results on Tuesday, Jan. 30, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EST / 2:00 p.m. PST. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around th
SANTA CLARA, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2023 of $5.8 billion, gross margin of 47%, operating income of $224 million, net income of $299 million and diluted earnings per share of $0.18. On a non-GAAP(*) basis, gross margin was 51%, operating income was $1.3 billion, net income was $1.1 billion and diluted earnings per share was $0.70. "We delivered strong revenue and earnings growth driven by demand for our Ryzen 7000 series PC processors and record server processor sales," said AMD Chair and CEO Dr. Lisa Su. "Our data center business is on a significant growth trajectory based on the strength of our EPY
Leading tech companies to collaborate on architectural interoperability and simplify software development across the ecosystem; luminaries Linus Torvalds and Tim Sweeney join founding members Broadcom, Dell, Google, Hewlett Packard Enterprise, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat. Intel Corp. (INTC) and AMD (NASDAQ:AMD) today announced the creation of an x86 ecosystem advisory group bringing together technology leaders to shape the future of the world's most widely used computing architecture. x86 is uniquely positioned to meet customers' emerging needs by delivering superior performance and seamless interoperability across hardware and software platforms. The group will f
SANTA CLARA, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Keith Strier has joined the company as senior vice president of global AI markets. Strier has more than 30 years of experience in strategic business and market development, technical engineering and enabling responsible AI deployments. He most recently served as vice president of worldwide AI initiatives at NVIDIA, with responsibility for expanding commercial engagements with foreign governments. At AMD, he will be responsible for expanding the company's AI vision, driving new ecosystem capabilities and accelerating strategic AI engagements globally across public and private sectors. He reports to
— Acer, Asus, Dell, HP, Lenovo and Razer laptops powered by AMD Ryzen™ 8040 Series mobile processors to deliver advanced computing for work, play, and AI-enabled experiences — — Ryzen™ AI 1.0 Software available to make it easier to deploy models on Ryzen AI PCs — SANTA CLARA, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced the new AMD Ryzen™ 8040 Series mobile processors, extending its leadership mobile offerings with best-in-class x86 processor performance.1 With the integrated Ryzen AI NPU on-die on select models, AMD is bringing even more state-of-the-art AI PCs to market,1 with up to 1.6x more AI processing performance than prior AMD models,2 to de
SANTA CLARA, Calif., July 10, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Executive Vice President and Chief Sales Officer Darren Grasby will transition into a new role as executive vice president, strategic partnerships and that Phil Guido has joined the company as executive vice president and chief commercial officer. Guido will be responsible for leading the AMD worldwide sales organization with a focus on further accelerating adoption of the company's leadership products with commercial and data center customers. "I am excited to welcome Phil to our leadership team as we take the next steps in our journey to make AMD the commercial and data center compute partne
SANTA CLARA, Calif., March 13, 2023 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced the appointment of five technical leaders to the role of AMD Corporate Fellow. These appointments recognize each leader's significant impact on semiconductor innovation across various areas, from graphics architecture to advanced packaging. David Blythe: A widely respected graphics architect with over three decades of industry experience. Blythe joined AMD in November 2022 after spending 13 years at Intel, most recently as its lead GPU architect. He architected several of the industry's most consequential graphics APIs for PCs, clients, workstations and mobile phones, including DirectX® 10 and 11 and
SANTA CLARA, Calif., Nov. 16, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced that John Caldwell is retiring from the AMD board of directors after 16 years of service. Nora Denzel will succeed Caldwell as lead independent director, effective immediately. Caldwell joined the AMD board of directors in 2006. He served as chairman from 2016 to 2022 and was named lead independent director earlier this year. He held a variety of committee positions throughout his tenure, including chair of the compensation and leadership resources committee and serving on the nominating and corporate governance committee. "On behalf of the AMD board of directors, I want to thank John for his outstanding le
SMART Global Holdings, Inc. ("SGH") (NASDAQ:SGH) today announced the appointment of Mark Papermaster, chief technology officer and executive vice president of technology and engineering at Advanced Micro Devices, Inc. (NASDAQ:AMD), to its board of directors, effective August 22, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220822005723/en/SMART Global Holdings (SGH) today announced the appointment of Mark Papermaster, CTO and EVP of technology and engineering at Advanced Micro Devices, Inc. to SGH's board of directors. (Photo: Business Wire) "We are pleased to have Mark join our board at SGH," commented Mark Adams, presid
HALIFAX, NS / ACCESSWIRE / August 17, 2022 / Meta Materials Inc. (the "Company" or "META®") (NASDAQ:MMAT), (FSE:MMAT), a developer of high-performance functional materials and nanocomposites, today announced the appointment of Mr. Jack Harding as Chair of the Board of Directors, effective August 16, 2022. Mr. Ram Ramkumar, META's current Chair, is retiring from the Board and moving into a Strategic Advisor role for a period of two years. The Company wishes to thank Mr. Ramkumar for his dedication during this transformative period which included among many milestones META's June 2021 listing on the NASDAQ via a reverse merger with Torchlight Energy Resources."Delivering innovation at scale is
SANTA CLARA, Calif., July 20, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced the appointment of Nick Lazaridis to senior vice president, AMD Sales, responsible for managing sales across EMEA, India, and APJ. Lazaridis will report to AMD Executive Vice President and Chief Sales Officer (CSO) Darren Grasby. Lazaridis most recently served as president, EMEA for HP Inc. He is returning to AMD after previously leading Asia Pacific regional sales from 2009 to 2012. Lazaridis has over 30 years of high-tech business experience leading organizations across mature and emerging markets globally. "Nick's industry experience and wealth of knowledge of strategic global engagements will be instrum
SANTA CLARA, Calif., June 22, 2022 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Mathew Hein is joining the company as chief strategy officer and senior vice president of corporate development, effective June 27, 2022. Hein will be responsible for advancing the company's strategy across an expanded market for high-performance and adaptive computing solutions and will work closely with the AMD executive team to accelerate the company's next phase of growth. Hein will report to AMD Chair and CEO, Dr. Lisa Su. "The need for high-performance and adaptive computing products is only increasing, as the world demands more compute to power every aspect of our daily lives," said Dr. Lis
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SANTA CLARA, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced the expansion of the AMD Versal™ adaptive system-on-chip (SoC) portfolio with the introduction of the Versal RF Series that includes the industry's highest compute performance in a single-chip device with integrated direct radio frequency (RF)-sampling data converters.1 Versal RF Series offers precise, wideband-spectrum observability and up to 80 TOPS of digital signal processing (DSP) performance2 in a size, weight, and power (SWaP)-optimized design, targeting RF systems and test equipment applications in the aerospace and defense (A&D) and test and measurement (T&M) markets, respectively. Building o
SANTA CLARA, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that Tim Keating has joined the company as senior vice president, Government Relations and Regulatory Affairs, effective today. "Tim is a strong addition to lead our government relations team," said Ava Hahn, AMD senior vice president, general counsel and corporate secretary. "As high-performance and AI chips play an increasingly larger role in our daily lives over the coming years, Tim's extensive public policy expertise and deep understanding of regulatory landscapes will play a critical role expanding our engagements with key stakeholders." Keating has decades of experience, including more than 14
SANTA CLARA, Calif., Dec. 03, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced that it will be hosting a press conference as a part of the official CES 2025 Media Days. The press conference will take place on Monday, Jan. 6 at 11 a.m. PST at the Mandalay Bay. AMD senior vice president and general manager of the Computing and Graphics Group Jack Huynh, along with other AMD executives will be joined by partners and customers to discuss how AMD is expanding its leadership across PCs and gaming, and highlight the breadth of the company's high-performance computing and AI product portfolio. The keynote will be available to livestream on the AMD YouTube Channel, with replay availa
SANTA CLARA, Calif., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) announced the following events for the financial community: Forrest Norrod, executive vice president and general manager, Data Center Solutions Business Unit, will attend the UBS Annual Technology Conference on Tuesday, Dec. 3, 2024, at 12:15 PM MST.Jean Hu, executive vice president, chief financial officer and treasurer, will attend the Barclays Global TMT Conference on Thursday, Dec. 12, 2024, at 11:00 AM PST. A webcast of the presentations can be accessed on AMD's Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and vi
─ El Capitan, powered by the AMD Instinct MI300A APU, becomes the second AMD supercomputer to surpass the Exascale barrier, placing #1 on the Top500 list — ─ AMD continues setting the standard for HPC, powering 50 percent of the top ten fastest and 40 percent of the ten most energy efficient supercomputers in the world— ─ IBM and AMD announce collaboration to deploy AMD Instinct MI300X accelerators as a service on IBM Cloud ─ SANTA CLARA, Calif., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Today, AMD (NASDAQ:AMD) showcased its ongoing high performance computing (HPC) leadership at Supercomputing 2024 by powering the world's fastest supercomputer for the sixth straight Top500 list. The El Capitan
SANTA CLARA, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced the AMD Versal™ Premium Series Gen 2, an adaptive SoC platform designed to deliver the highest levels of system acceleration for a wide range of workloads. Versal Premium Series Gen 2 will be the FPGA industry's first devices featuring Compute Express Link (CXL®) 3.1 and PCIe® Gen6 as well as LPDDR5X memory support in hard IP.1 These next-generation interface and memory technologies access and move data rapidly and efficiently between processors and accelerators. CXL 3.1 and LPDDR5X help unlock more memory resources faster to address the growing real-time processing and storage demands of data-intensiv
KAWASAKI, Japan and SANTA CLARA, Calif., Oct. 31, 2024 /PRNewswire/ -- Fujitsu and AMD (NASDAQ:AMD) today announced that they have signed a memorandum of understanding (MOU) to form a strategic partnership to create computing platforms for AI and high-performance computing (HPC). The partnership, encompassing all aspects from technology development to commercialization, will seek to facilitate the creation of open source and energy efficient platforms comprised of advanced processors with superior power performance and highly flexible AI/HPC software and aims to accelerate open-source AI and/or HPC initiatives. Due to the rapid spread of AI, including generative AI, cloud service providers
SANTA CLARA, Calif., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Oct. 31, 2024 (GLOBE NEWSWIRE) — Today, AMD (NASDAQ:AMD) unveiled new desktop computing products, delivering enhanced performance for gamers. The lineup features the new AMD Ryzen™ 7 9800X3D Desktop processor, based on the "Zen 5" architecture and utilizing 2nd Gen AMD 3D V-Cache™ technology. With the AMD Ryzen 7 9800X3D processor, AMD has re-engineered its cutting-edge on-chip memory solution with 2nd Gen AMD 3D V-Cache technology. The 64MB cache memory has been relocated below the processor, which puts the core complex die (CCD) closer to the cooling solution to help keep the "Zen 5" cores cooler, delivering high clock rates and pro
SANTA CLARA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2024 of $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.7 billion, net income was $1.5 billion and diluted earnings per share was $0.92. "We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors," said AMD Chair and CEO Dr. Lisa Su. "Looking forward, we see significant growth opportunities a
SANTA CLARA, Oct. 16, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) announced today that it will report fiscal third quarter 2024 financial results on Tuesday, Oct. 29, 2024, after the close of market. Management will conduct a conference call to discuss these results at 5:00 p.m. EDT / 2:00 p.m. PDT. Interested parties are invited to listen to the webcast of the conference call via the AMD Investor Relations website ir.amd.com. About AMD For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technol