Advanced Micro Devices Inc Stock Price, News & Analysis

AMD has announced an ambitious goal to achieve a 30x increase in energy efficiency for its EPYC CPUs and Instinct accelerators by 2025, specifically for Artificial Intelligence training and High Performance Computing applications. This target aims to outpace the industry-wide improvement rate by over 2.5 times. The initiative is part of AMD's commitment to environmental sustainability, expected to save billions of kilowatt hours of electricity and reduce power requirements significantly by 2025.

AMD has released its 26th annual Corporate Responsibility Report, highlighting achievements from the past year and setting new goals for 2025 and 2030 across four ESG focus areas: digital impact, environmental stewardship, supply chain responsibility, and diversity, belonging, and inclusion. Key initiatives include a commitment to benefit 100 million people by 2025, a target to achieve a 30x increase in energy efficiency in its processors by 2025, and a goal to audit 100% of suppliers. The report recognizes AMD's efforts in sustainability and social responsibility.

AMD announced that Devinder Kumar, its executive vice president and CFO, will present at the Deutsche Bank 2021 Technology Conference on September 10, 2021, at 2:05 PM ET. The presentation will be held virtually, and a real-time video webcast will be available on AMD’s Investor Relations website. AMD has been a leader in high-performance computing and graphics technologies for 50 years, serving consumers and businesses worldwide. For further details, visit AMD's official website.

AMD announced that the U.S. Department of Energy’s Argonne National Laboratory has selected AMD EPYC processors for its new supercomputer, Polaris. Built by Hewlett Packard Enterprise, Polaris will utilize AMD EPYC 7532 and 7543 processors alongside NVIDIA A100 Tensor Core GPUs, achieving approximately 44 petaflops of peak double precision performance, which is four times faster than existing systems. Scheduled for delivery in August 2021 and operational in early 2022, Polaris will facilitate significant AI, engineering, and scientific research, paving the way for the upcoming exascale supercomputer, Aurora.

AMD has announced the launch of its new Radeon PRO W6000X series GPUs for Mac Pro, designed to enhance professional workflows and deliver exceptional performance in demanding applications. The series includes models like the W6900X and W6800X, and features the W6800X Duo with up to 30.2 teraflops of compute performance. Built on the AMD RDNA 2 architecture and featuring AMD Infinity Cache, these GPUs support high-speed data transfer, enabling users to execute complex tasks efficiently.

AMD has launched the Radeon RX 6600 XT graphics card, aimed at providing a top-tier 1080p gaming experience. Utilizing the RDNA 2 architecture, it promises up to 15% better performance than competitors and averages 125 FPS in modern AAA titles. Equipped with 32 MB Infinity Cache and 8 GB GDDR6 memory, it supports advanced technologies like Smart Access Memory and FidelityFX Super Resolution. The RX 6600 XT is set for release on August 11, 2021, with a starting price of $379, targeting gamers seeking high fidelity and performance in mainstream gaming.

AMD reported a remarkable 99% year-over-year revenue increase, reaching $3.85 billion in Q2 2021, driven by demand across its segments. Gross margin expanded to 48%, while operating income soared to $831 million, marking a 380% rise compared to Q2 2020. Net income also increased significantly to $710 million, with diluted earnings per share at $0.58. The company anticipates a 60% revenue growth for the full year, reflecting strong execution and customer preference for its products. AMD also initiated a $4 billion share repurchase program.

AMD will report its second quarter 2021 financial results on July 27, 2021, after market close. A conference call to discuss these results will take place at 5:00 p.m. EST / 2:00 p.m. PST. Interested listeners can access the webcast through AMD's Investor Relations website at ir.amd.com.

For 50 years, AMD has been a leader in high-performance computing and graphics technologies, impacting gaming and data centers globally.

AMD showcased its robust growth in the High-Performance Computing (HPC) sector at the International Supercomputing 2021 event. The latest Top500 list reveals that AMD EPYC processors now power nearly five times more systems than a year ago, doubling from November 2020. Additionally, these processors equip half of the 58 new entries on the list. With the launch of the EPYC 7003 Series, AMD remains a leader in performance for HPC workloads, enhancing collaborations with research institutions and supporting advancements in critical scientific fields.