AMD, Eviden to build Europe’s second exascale supercomputer

SANTA CLARA/PARIS - AMD (NASDAQ:AMD) and Eviden, the Atos Group’s advanced computing brand, have been selected to build Alice Recoque, a next-generation supercomputer that will become France’s first and Europe’s second exascale system. AMD, currently trading at $240.52 with a market cap of $391.58 billion, continues to strengthen its position as a prominent player in the Semiconductors industry according to InvestingPro data.

The €544 million project, announced Tuesday, will be funded by EuroHPC JU through the Digital Europe Programme and the Jules Verne Consortium, led by France through GENCI and CEA with participation from the Netherlands’ SURF and Greece’s GRNET.

Alice Recoque will be powered by next-generation AMD EPYC CPUs (codenamed Venice), AMD Instinct MI430X GPUs, and AMD FPGAs, integrated into Eviden’s BullSequana XH3500 platform with BXI networking and DDN storage. The system is designed to deliver more than one exaflop of HPL performance. This contract comes as AMD’s revenue has grown 31.83% over the last twelve months, with analysts expecting continued sales growth this year.

The supercomputer will support high-performance computing and artificial intelligence applications across climate modeling, materials science, personalized medicine, and European AI model development.

According to the announcement, the system will feature 94 racks with 25% fewer components than comparable exascale systems while offering up to 50% better energy efficiency per GPU. Eviden’s fifth-generation Direct Liquid Cooling technology will use warm water to cool all rack components.

"The Alice Recoque supercomputer represents a major step forward for European sovereign AI," said Dan McNamara, senior vice president and general manager of Compute & Enterprise AI at AMD.

Emmanuel Le Roux, Group SVP and Global Head of Advanced Computing and AI at Eviden, described the system as "a catalyst for scientific and industrial breakthroughs" that will "empower researchers and industries across Europe."

Each AMD Instinct MI430X GPU will integrate 432 GB of HBM4 memory with 19.6 TB/s of bandwidth, supporting advanced AI data types including FP4 and FP8.

The announcement did not specify when the system will become operational.

This article is based on a press release statement from AMD and Eviden.

In other recent news, Advanced Micro Devices (AMD) has been the focus of several analysts who have maintained their positive outlook on the company. TD Cowen has reiterated its Buy rating and a price target of $290, expressing confidence in AMD’s potential to capture value in the growing artificial intelligence market. Similarly, Truist Securities has maintained its Buy rating with a $279 price target, highlighting AMD’s potential as a "trusted partner" in the data center and AI sectors. The firm projects a substantial growth in earnings per share, estimating a 45% compound annual growth rate through 2030.

Benchmark also reiterated its Buy rating with a $325 price target after AMD’s first analyst day in three years, where the company doubled its estimated data center total addressable market. This event underscored AMD’s aggressive revenue growth forecasts and market share increase, projecting earnings per share above $20, surpassing previous Wall Street predictions. Stifel has also maintained a Buy rating with a $280 price target, following AMD’s 2025 Analyst Day, emphasizing the company’s long-term strategy focused on technology leadership and targeted compute solutions. These developments reflect a consistent optimism among analysts regarding AMD’s future in the AI and data center markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.