#amd

#amd

Just this morning, analysts at Mizuho reiterated an outperform rating on Advanced Micro Devices ( NASDAQ: AMD) with a price target of $275 from $205. All after AMD announced a long-term deal to become a key supplier to OpenAI's AI infrastructure program. AMD added that the new partnership will allow it to generate billions of dollars in annual revenue. It will also allow it to generate over $100 billion in total revenue from chips over the next few years.

HP ZBooks are synonymous with power, which is why ITPro has reviewed a handful of machines in this lineup so favourably - if all guns blazing performance is what you're looking for, you'd be hard-pressed to look any further. That's because these machines look good and feel great to use, too, thanks to the engineering prowess the manufacturer has shown in building this family of workstations.

Lisa Su, the CEO of Advanced Micro Devices, has built one of the world's most valuable companies and made investors billions- but is barely a billionaire herself. She has delivered a 70-fold increase in her company's stock price during her 11 years in charge, including a 41% surge this week to fresh highs thanks to its OpenAI partnership. The chipmaker's market value has soared to $378 billion, surpassing Home Depot, Bank of America, and Procter & Gamble.

AMD has sold 6 gigawatts and $90 billion worth of AI capacity to OpenAI. In addition, the arrangement sets up the ChatGPT maker to purchase up to 10 percent of AMD's shares. The deal inspires extraordinary confidence in Nvidia's biggest competitor. Why? First, OpenAI will use a single gigawatt of Instinct MI450 GPUs for AI calculations. As it happens, this chip design will not be released for another year.

It's been a banner year, so far, for cryptocurrency enthusiasts worldwide. Bitcoin ( CRYPTO:BTC), the world's most popular cryptocurrency, touched an all-time high of $124,457.12 in mid-August before pulling back to around $110,000 in the month's final trading days. With that, Bitcoin was up by 20% (give or take a few percentage points) at the end of August. That's an impressive year-to-date performance, and some commentators are bracing for even higher Bitcoin prices.

During the company's Q2 earnings call, president Martin Lau stated, "From our own perspective, we do have enough chips for training and continuous upgrade of our existing models." Lau emphasized that Tencent is executing numerous software improvements to drive efficiency in inference, allowing for more workloads with the same number of chips.

Nvidia and AMD have agreed to give the US government 15% of their revenues from chip sales in China as a prerequisite for export licenses.

"AMD posted EPS of 48 cents, which missed estimates of 49 cents. However, the company's revenue of $7.69 billion exceeded estimates of $7.42 billion."

Arm Holdings aims to capture 50% of the data center CPU market by 2025, challenging x86 leaders Intel and AMD and targeting a significant revenue increase.

The top option in AMD's new Zen 5-based Ryzen Threadripper Pro 9000 WX-Series CPUs will be priced at $11,699 and features 96 cores and 192 threads. This flagship model, the Threadripper Pro 9995WX, is designed for workstations and will begin shipping on July 23rd.

"There is a huge benefit to having the same technology for all parts of the network. There's a lot of goodness that comes with using Ethernet as far as monitoring, telemetry, and debugging tools."

AMD continues its acquisition spree, recently acquiring Untether AI's team known for developing faster and energy-efficient AI inference chips, enhancing its AI capabilities.