Advanced Micro Devices Inc Stock Price, News & Analysis

AMD announces the retirement of John Caldwell from its board of directors after 16 years, effective immediately. Nora Denzel succeeds him as lead independent director. Caldwell, who joined the board in 2006 and served as chairman from 2016 to 2022, contributed significantly through various committee roles. Denzel, with over 25 years in technology and leadership roles at notable companies, has been on the AMD board since 2014 and chaired the compensation committee. Dr. Lisa Su, AMD's Chair and CEO, praised Caldwell's leadership and expressed confidence in Denzel's capabilities.

AMD has announced that its Xilinx Automotive Zynq UltraScale+ MPSoC platform will power the new Aisin Automated Parking-Assist (APA) system, designed for low-latency image processing. Expected to ship in model year 2024, the system uses AI for efficient detection of pedestrians and vehicles. The platform optimizes performance with a multicore processing system and specialized deep learning capabilities. Aisin's APA system aims to enhance consumer parking experiences while providing features like automated emergency braking.

AMD EPYC processors and AMD Instinct accelerators power 101 supercomputers in the latest Top500 list, marking a 38% increase year-over-year. The Frontier supercomputer at Oak Ridge Laboratory remains the top system with 1.1 exaflops, showcasing AMD’s dominance in high-performance computing (HPC). AMD is recognized for driving innovation in both performance and efficiency, powering 75% of the top 20 systems on the Green500 list. Additionally, 4th Gen AMD EPYC processors have been announced, enhancing computing capabilities for critical workloads.

AMD has announced the completion of Class B qualification for its first space-grade XQR Versal AI Core XQRVC1902 devices, enabling high-bandwidth signal processing and AI inferencing for space applications. These radiation-tolerant devices are set for shipment in early 2023. Unlike custom ASICs, the XQR Versal SoCs allow reprogramming during and after deployment, enhancing flexibility for satellite operators. This marks a significant advancement in on-board data processing capabilities for missions ranging from low-earth to geosynchronous orbits.

AMD has launched its 4th Gen EPYC™ processors, boasting unmatched performance and energy efficiency, aimed at modernizing data centers. Built on the 'Zen 4' architecture, these processors support up to 96 cores, enhancing performance and reducing energy costs. Key features include enhanced security, DDR5 memory support, and PCIe Gen 5 compatibility. Major partners like Dell, Google Cloud, HPE, and Microsoft are integrating the EPYC processors into their systems, supporting diverse workloads, while AMD emphasizes the data center as a priority for growth.

AMD has launched the Radeon RX 7900 Series graphics cards featuring the new RDNA 3 architecture, designed for high-performance and energy efficiency. The RX 7900 XTX delivers up to 1.7X higher 4K gaming performance compared to prior models, while the RX 7900 XT offers up to 1.5X higher performance. Key features include a chiplet design, up to 54% more performance per watt, and support for DisplayPort 2.1 technology. The RX 7900 XTX is priced at $999 and the RX 7900 XT at $899, both available from AMD and partners from mid-December 2022.

AMD reported Q3 2022 revenue of $5.6 billion, marking a 29% year-over-year increase, driven by strong performance in the Data Center, Gaming, and Embedded segments. However, the Client segment revenue declined 40% due to a weak PC market. GAAP net income fell 93% to $66 million, with diluted EPS at $0.04. Non-GAAP results showed operating income of $1.3 billion and EPS of $0.67. Cash flow from operations increased to $965 million. Despite challenges, AMD is optimistic about its product portfolio and growth opportunities.

AMD has announced an upcoming event titled "together we advance_data centers" to unveil its next generation of EPYC™ data center processors. The event will feature presentations from AMD executives and key ecosystem partners, focusing on new developments in data center technology. The livestream is scheduled for November 10 at 10 a.m. PT, accessible via AMD's website and YouTube channel. This initiative reinforces AMD's commitment to high-performance computing and innovation in the technology sector.

On October 20, 2022, AMD (NASDAQ: AMD) announced a livestream event titled “together we advance_gaming”, set to reveal the next generation of AMD Radeon™ graphics. The event, featuring AMD executives, will showcase details of the high-performance, energy-efficient AMD RDNA™ 3 architecture, aimed at enhancing performance and efficiency for gamers and content creators. Scheduled for November 3 at 1:00 p.m. PDT, the livestream will be available on the AMD YouTube channel. A replay will follow on AMD.com/Radeon.