Welcome to our dedicated page for Advanced Micro Devices news (Ticker: AMD), a resource for investors and traders seeking the latest updates and insights on Advanced Micro Devices stock.
Advanced Micro Devices, Inc. (NASDAQ: AMD), headquartered in Santa Clara, California, is a pioneering multinational semiconductor company specializing in the development of high-performance CPUs, GPUs, and related technologies for both business and consumer markets. AMD designs advanced digital semiconductors for diverse applications, including PCs, gaming consoles, data centers, industrial, and automotive sectors. Historically known for its innovations in CPUs and GPUs, AMD's technology powers devices ranging from personal computers to the high-performing game consoles of Sony PlayStation and Microsoft Xbox.
In 2022, AMD made a strategic acquisition of Xilinx, known for its leadership in field-programmable gate arrays (FPGAs), broadening AMD's product offerings and market opportunities, particularly in data centers and automotive industries. The integration of Xilinx has fortified AMD's portfolio, enabling the delivery of adaptive and scalable solutions.
AMD's first-quarter financial results for 2024 highlighted a revenue of $5.5 billion, a gross margin of 47%, and operating income of $36 million. The non-GAAP gross margin stood at 52%, with a net income of $1.0 billion and diluted earnings per share of $0.62. Significant year-over-year growth in the Data Center and Client segments, driven by the adoption of Ryzen and EPYC processors and the ramp of MI300 AI accelerators, underpinned these results.
Notable achievements include record revenue in the Data Center segment, which saw an 80% year-over-year increase, and a robust portfolio expansion with the launch of new AI solutions for various markets. AMD's partnerships with tech giants like Lenovo, Dell Technologies, and Supermicro underscore its commitment to advancing AI capabilities across cloud, enterprise, and embedded systems. The introduction of the AMD Ryzen PRO and Versal Series Gen 2 devices further showcases AMD's innovation in AI and edge computing.
AMD's outlook for the second quarter of 2024 projects a revenue of approximately $5.7 billion, with continued growth and margin improvement on the horizon. The company remains focused on leveraging AI opportunities to drive future growth.
In recent developments, AMD's collaboration with Optiver highlights the deployment of AMD's high-performance compute solutions, including EPYC CPUs and Alveo accelerators, to enhance financial market infrastructures. Furthermore, AMD's recognition with the IEEE Corporate Innovation Award reflects its pioneering work in chiplet architecture and high-performance computing, emphasizing its leadership in the semiconductor industry.
AMD has announced an upcoming event titled "together we advance_data centers" to unveil its next generation of EPYC™ data center processors. The event will feature presentations from AMD executives and key ecosystem partners, focusing on new developments in data center technology. The livestream is scheduled for November 10 at 10 a.m. PT, accessible via AMD's website and YouTube channel. This initiative reinforces AMD's commitment to high-performance computing and innovation in the technology sector.
On October 20, 2022, AMD (NASDAQ: AMD) announced a livestream event titled “together we advance_gaming”, set to reveal the next generation of AMD Radeon™ graphics. The event, featuring AMD executives, will showcase details of the high-performance, energy-efficient AMD RDNA™ 3 architecture, aimed at enhancing performance and efficiency for gamers and content creators. Scheduled for November 3 at 1:00 p.m. PDT, the livestream will be available on the AMD YouTube channel. A replay will follow on AMD.com/Radeon.
AMD announced the launch of the 'AMD Creator Cloud' in collaboration with Pixar, allowing artists worldwide to access high-performance rendering capabilities via Microsoft's Azure. Powered by AMD EPYC processors with 3D V-Cache technology, this initiative enables participants of the RenderMan Challenge to submit their creative projects. The challenge aims to inspire and empower creators by granting them access to advanced technology for rendering their designs.
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.
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