Advanced Micro Devices Inc Stock Price, News & Analysis

AMD has announced that Dr. Lisa Su, President and CEO, will deliver a keynote presentation at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 8:45 AM ET. Interested parties can access a real-time video webcast on AMD's Investor Relations website, with a replay available for one year after the event. AMD, a leader in high-performance computing and graphics technology, focuses on innovation that enhances user experiences across various sectors.

AMD EPYC 7003 Series processors have been selected to power Singapore’s new supercomputer at the National Supercomputing Centre (NSCC). This system, built on the HPE Cray EX supercomputer, will utilize EPYC 7763 and EPYC 75F3 processors, intended to be fully operational by 2022.

This supercomputer is designed to achieve a peak performance of 10 petaFLOPS, which is 8 times faster than existing HPC resources at NSCC, supporting scientific research in areas such as biomedicine and climate.

AMD reported a remarkable revenue increase of 93% year-over-year for Q1 2021, totaling $3.45 billion, alongside a surge in net income to $555 million and EPS of $0.45. Non-GAAP metrics also showed significant growth with operating income hitting $762 million and EPS at $0.52. The Computing and Graphics segment generated $2.10 billion, while the Enterprise segment soared 286% to $1.35 billion. AMD anticipates continued growth, enhancing full-year guidance due to robust demand for its high-performance products.

AMD has launched the Radeon Software Adrenalin 21.4.1, enhancing user experience with customizable installation options and improved recording features. Key updates include AMD Link for remote gaming across devices, a streamlined user interface, and expanded performance metrics. The software also supports PlayReady AV1 for high-quality streaming and introduces features like Crash Defender for system stability. These enhancements aim to elevate gaming performance and accessibility for users on a variety of devices.

AMD (NASDAQ: AMD) will report its first quarter 2021 financial results on April 27, 2021, after market close. A conference call is scheduled for 5:00 p.m. EST to discuss the results. Interested listeners can access the call via AMD’s Investor Relations website. The webcast will be archived for one year.

AMD is known for its innovative technologies in high-performance computing, graphics, and visualization, serving millions of users globally, including consumers, Fortune 500 companies, and scientific research facilities.

AMD and Xilinx announced stockholder approval for AMD's acquisition of Xilinx, aiming to merge their complementary technologies. This strategic acquisition focuses on enhancing AMD’s foothold in critical growth sectors like data centers, gaming, and automotive. AMD's CEO, Dr. Lisa Su, emphasizes that the merger will bolster AMD's role as a key partner in tech innovation. Closing of the transaction is pending on regulatory approvals, with expectations set for completion by the end of 2021.

AMD announced the launch of its Ryzen PRO 5000 Series Mobile Processors, designed for premium business laptops. These processors utilize the Zen 3 architecture, offering enhanced multi-thread performance, with the Ryzen 7 PRO 5850U boasting up to 57% more performance than competitors. The processors also feature advanced security with AMD PRO technologies and impressive battery life of up to 17.5 hours. Availability from HP and Lenovo is expected in Q2 2021, with projections indicating a tripling of AMD-powered enterprise notebooks by year-end.

AMD unveiled its new EPYC 7003 Series CPUs, led by the EPYC 7763, claiming the title of the world’s highest-performing server processor. Featuring up to 64 Zen 3 cores and enhanced security via AMD Infinity Guard, these CPUs promise up to 19% more instructions per clock. The EPYC ecosystem is set to expand significantly, with over 400 cloud instances and 100 new OEM platforms expected by year-end. Major partners like AWS, Google Cloud, and Microsoft Azure are integrating these processors into their offerings, enhancing compute density and performance for enterprise and cloud workloads.

AMD has scheduled Special Meetings for stockholders on April 7, 2021, to vote on the proposed acquisition of Xilinx. Stockholders of record as of February 10, 2021, can participate. Both companies' boards unanimously recommend voting 'FOR' the acquisition and related proposals. This merger aims to combine their strengths in CPUs, GPUs, and FPGAs, targeting growth in various sectors including data centers and gaming. The joint proxy statement has been filed with the SEC for further information.