• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

AMD shares jump after company wins Meta partnership, announces new chips

by
November 8, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

At least 21 are dead after tornadoes rake the U.S. Midwest and South

NBA and players reach a deal for a new 7-year labor agreement

D.E. Shaw spots an opportunity to boost margins at FleetCor – and do so amicably

On the cusp of record inflows? Playing the hot international trade with ETFs

Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD), presents the AMD Ryzen 4000 series chip during an AMD press event at CES 2020 in Las Vegas, Nevada, U.S., on Monday, Jan. 6, 2020.

Bridget Bennett | Bloomberg | Getty Images

AMD shares jumped nearly 10% Monday after the company announced it won Meta, formerly known as Facebook, as a chip customer.

AMD also revealed a range of new chips during the company’s Accelerated Data Center Premiere keynote.

The announcements help cement the company’s push against its competitors. AMD is in the process of taking market share from market leader Intel as cloud providers like Microsoft, Amazon and Google buy its chips to run their services. AMD has gained some performance advantages over competing Intel processors in recent years.

Last month, AMD CEO Lisa Su said that its data center chip sales doubled on an annual basis in the most recent quarter and the business accounts for 20% of AMD’s sales. The data center chips are part of AMD’s embedded, enterprise, and semi-custom segment, which reported $1.9 billion in sales last quarter, up 69% year-over-year.

Su said on Monday that additional details on its partnership with Meta will be discussed later this week during the Open Compute Project summit.

— CNBC’s Kif Leswing contributed to this report.

Subscribe to CNBC on YouTube.

Next Post

Randal Quarles to resign at year-end, paving way for Biden to further remake the Federal Reserve

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

NBA and players reach a deal for a new 7-year labor agreement

by
April 1, 2023
0

NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at...

Read more

NBA and players reach a deal for a new 7-year labor agreement

At least 21 are dead after tornadoes rake the U.S. Midwest and South

D.E. Shaw spots an opportunity to boost margins at FleetCor – and do so amicably

On the cusp of record inflows? Playing the hot international trade with ETFs

ETF outlook: Why Wall Street strategists aren’t chasing a growth stock trade just yet

Markets and the economy survived a tough first quarter, but it’s not going to get any easier

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.