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AMD wins Meta, Microsoft as clients, targets Nvidia with processors

Benzinga Real-time News ·  Nov 9, 2021 01:36  · Announcements

  • $Meta Platforms(FB.US)$, or former Facebook, has chosen $Advanced Micro Devices(AMD.US)$ EPYC chips, the chipmaker declared during its Accelerated Data Center Premiere event.

  • The companies collaborated to develop a high-performance, power-efficient processor based on the company's 3rd Generation EPYC processor. 

  • AMD also announced upcoming EPYC processors codenamed "Genoa" and "Bergamo," taking at rival $NVIDIA(NVDA.US)$.

  • AMD dubbed the Genoa processor as the "world's highest performance processor for general-purpose computing."

  • AMD's Q3 FY21 sales rose 54% year-on-year to $4.3 billion. The EPS surged 134% Y/Y. 

  • "We believe AMD will continue to gain material server/PC share in 2021/2022driven by performance leadership, while Intel continues to struggle on10/7nm," Barclays analyst Blayne Curtis said. 

  • $Microsoft(MSFT.US)$ will also use the new AMD Milan X Chips in Azure, Street Insider reports.

    Price Action: AMD shares traded higher by 10.14% at $150.16 on Monday.
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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