Advanced Micro Devices Inc Stock Price, News & Analysis

AMD has partnered with the Energy Sciences Network (ESnet) to launch ESnet6, a high-performance network for scientific research.

The integration of AMD's Alveo U280 FPGA-based accelerators into ESnet6 enhances packet monitoring and management, enabling high-speed data processing.

With a bandwidth of over 46 Terabits per second, ESnet6 supports extensive data flows from global scientific instruments, accelerating research outcomes.

AMD's technology aims to facilitate continuous innovation and adaptability within this transformative network.

AMD announced preliminary third quarter 2022 revenue of approximately $5.6 billion, significantly lower than the expected $6.7 billion. This decline is primarily attributed to weak revenue in the Client segment amid a sluggish PC market and inventory corrections. Despite this, revenues from Data Center, Gaming, and Embedded segments grew significantly year-over-year. Expected gross margin stands at 42%, down from the anticipated 54%, largely due to decreased Client processor shipments. The earnings call is scheduled for November 1.

AMD has launched the Ryzen Embedded V3000 Series processors, enhancing its V-Series portfolio with Zen 3 cores. These processors offer up to 124% greater CPU performance, 50% improved memory transfer rates, and feature a significant increase in CPU core count, doubling from four to eight cores. Designed for storage and networking applications, the new processors provide low-power options suitable for 24x7 operational needs. Now shipping to key embedded ODMs and OEMs, the Ryzen V3000 Series supports long-lifecycle availability and includes advanced security features.

Dr. Lisa Su, AMD Chair and CEO, is set to deliver a keynote address at CES 2023 on January 4, 2023, in Las Vegas. Her keynote will showcase AMD's advancements in high-performance computing and AI, emphasizing how technology can solve global challenges. The event highlights over 1300 exhibitors focusing on transformative tech. Dr. Su's address reflects her commitment to innovation that enhances daily life, including areas like cloud efficiency and gaming. This keynote is a significant platform for AMD to display its leadership in the semiconductor industry.

AMD has announced its founding membership in the newly formed PyTorch Foundation, part of the Linux Foundation. This initiative aims to promote the adoption of AI tooling through open-source projects related to the PyTorch machine learning framework. AMD will leverage its expertise in high-performance computing (HPC) and machine learning (ML) to support the foundation's efforts. The company’s ROCm open software platform and AMD Instinct accelerators will help democratize access to advanced AI tools, enhancing research and innovation in diverse ML applications.

AMD has announced that its Pensando Distributed Services Card is now deployed widely among hyperscalers and cloud service providers. The card, which features a cutting-edge Data Processing Unit (DPU), will support VMware vSphere® 8, aiming to enhance infrastructure management by offloading workloads from the CPU. Key benefits include improved operational costs, performance, and security for users such as Goldman Sachs and Microsoft Azure. The collaboration aims to advance composable infrastructure and efficient IT solutions.

AMD has launched the Ryzen™ 7000 Series Desktop processors, featuring the new Zen 4 architecture, promising significant performance enhancements for gamers and content creators. The processors, built on a cutting-edge 5nm process, boast up to 16 cores and 32 threads. The Ryzen 7950X processor shows up to 29% single-core performance gain, a 45% increase in compute for content creators, and superior energy efficiency. The new Socket AM5 platform supports DDR5 memory and PCIe 5.0, ensuring longevity until 2025 and beyond.

SMART Global Holdings (SGH) announced the appointment of Mark Papermaster, Chief Technology Officer at Advanced Micro Devices (AMD), to its board of directors, effective August 22, 2022. Papermaster brings over 35 years of engineering and technology experience, having led innovation at AMD and other major tech firms. His expertise in microprocessor design and system-on-chip development is expected to enhance SGH's technological capabilities and strategic direction.

AMD's 27th Annual Corporate Responsibility Report, released on August 22, 2022, highlights the company's commitment to environmental, social, and governance initiatives. AMD aims to impact 100 million lives through STEM education by 2025 and is advancing sustainability through a $3 billion credit facility. The company has reduced greenhouse gas emissions by 25% and increased processor energy efficiency by 6.8 times. With 94% employee satisfaction, AMD continues to promote diversity and community engagement. The report showcases its leadership in high-performance computing and sustainability efforts.