AMD — Advanced Micro Devices, Inc. - Common Stock
Session close: $515.21. Regular-session share volume: 42,210,767. Change from previous close: +1.30%.
Key developments
AMD announced general availability of its sixth-generation EPYC server processors on the new Zen architecture, with systems shipping from major vendors and cloud instances expected from Microsoft Azure and OCI. It also launched a joint go-to-market program with Cornelis Networks for HPC and AI platforms, and committed to a stake in Anthropic's placement alongside other chipmakers.
Company news AMD Announces General Availability of 6th Gen EPYC Server Processors · Company news AMD and Cornelis Networks Launch Joint Go-to-Market Program for HPC and AI · Company news Advanced Micro Devices Stocks Rise 2.66% on $2.5 Billion Anthropic Stake Commitment
Oppenheimer upgraded AMD to Outperform with a sharply higher target, forecasting strong data-center revenue growth, and Google selected AMD's EPYC processors for its new TPU system. Analysts cited AMD's secured manufacturing capacity and execution under CEO Lisa Su as advantages versus rivals, with the consensus target implying further upside.
Company news AMD Gains 25% Against NVDA in 2 Days: Chip Analyst Says Lisa Su Is ‘at Her Best’ · Company news AMD Stock Reverses Morning Gains, Slowly Recovers After Google AI Deal
The stock reversed morning gains before partially recovering, and one analyst cautioned that a wave of new chip factories and data centers coming online later could leave the industry with excess GPUs, though he said that point has not been reached.
Company news AMD Stock Reverses Morning Gains, Slowly Recovers After Google AI Deal · Company news AMD Gains 25% Against NVDA in 2 Days: Chip Analyst Says Lisa Su Is ‘at Her Best’
News sources
Company news AMD Stock Just Got Massive Upgrade From Oppenheimer · Company news AMD Gains 25% Against NVDA in 2 Days: Chip Analyst Says Lisa Su Is ‘at Her Best’ · Company news AMD and Cornelis Networks Launch Joint Go-to-Market Program for HPC and AI · Company news AMD Announces General Availability of 6th Gen EPYC Server Processors · Company news AMD and Coherent: What the Biggest Gainers Since the Midterms Selloff Say About the AI Trade · Company news Advanced Micro Devices Stocks Rise 2.66% on $2.5 Billion Anthropic Stake Commitment · Company news AMD Stock Reverses Morning Gains, Slowly Recovers After Google AI Deal