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.
SANTA CLARA, Calif., Oct. 25, 2021 – AMD (NASDAQ: AMD) will host its Accelerated Data Center Premiere on November 8, 2021, at 11 a.m. ET, focusing on innovations in AMD EPYC processors and AMD Instinct accelerators. The virtual event will feature key presentations from AMD President and CEO Dr. Lisa Su, along with other senior executives. Attendees can access the event live at AMD's event site, with replays available afterward.
On October 21, 2021, AMD announced that its Ryzen Threadripper PRO processors will power NVIDIA's new GeForce NOW RTX 3080 membership tier, enhancing cloud gaming experiences. The setup utilizes AMD's processors for over 39 petaflops of graphics performance, featuring 128 PCIe Gen 4 lanes and high memory bandwidth.
According to AMD’s Chris Kilburn, this collaboration is pivotal for the rapidly growing cloud gaming sector.
AMD is set to announce its third quarter 2021 financial results on October 26, 2021, after market close. A conference call will follow at 5:00 p.m. EDT to discuss the results. Interested parties can access the call via AMD's Investor Relations website. With a history spanning 50 years, AMD specializes in high-performance computing, graphics, and visualization technologies that serve consumers and major businesses worldwide.
AMD has launched the Radeon RX 6600 graphics card, aimed at delivering 1080p gaming experiences at an affordable price point. Built on the AMD RDNA 2 architecture, it features 32 MB Infinity Cache and 8GB GDDR6 memory, promising up to 1.3X better performance-per-watt than its competition in select titles. Priced at $329, this card is expected to drive 100+ FPS in top AAA games and supports FidelityFX Super Resolution for enhanced frame rates. Availability starts immediately from various OEM partners.
AMD has announced that over 175 of its Ryzen CPUs are compatible with the new Windows 11 operating system, enhancing user experiences across performance, efficiency, and security. AMD's partnership with Microsoft ensures that users can leverage advanced features such as improved video playback and enhanced security with Ryzen PRO processors. Gamers will benefit from optimized Radeon Graphics that support the latest Windows 11 performance enhancements, delivering immersive gaming experiences from day one.
AMD announced the expansion of its EPYC processors in Google Cloud with the introduction of N2D Virtual Machines utilizing the 3rd Gen EPYC 7003 Series processors. These new VMs reportedly deliver over 30% better price-performance compared to the previous generation. Designed to cater to high-performance workloads, the N2D VMs offer up to 224 vCPUs and 8 GB of memory per vCPU, alongside advanced features like Confidential Computing. The new instances are in preview across several Google Cloud regions and will roll out globally in the coming months.
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.
FAQ
What is the current stock price of Advanced Micro Devices (AMD)?
What is the market cap of Advanced Micro Devices (AMD)?
What does AMD specialize in?
What was AMD's revenue for the first quarter of 2024?
How has the acquisition of Xilinx benefited AMD?
What are some notable achievements of AMD in recent years?
What is AMD's outlook for the second quarter of 2024?
How is AMD contributing to the financial market infrastructure?
What recognition has AMD received for its innovations?
Which gaming consoles use AMD technology?
What strategic moves has AMD made to enhance its AI capabilities?
What key financial metrics highlight AMD's performance in Q1 2024?
