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SANTA CLARA, Calif. - Advanced Micro Devices, Inc. (NASDAQ:AMD), currently trading at $78.21 and showing signs of being undervalued according to InvestingPro analysis, announced Wednesday that it will host "Advancing AI 2025," an event on June 12, 2025, dedicated to its artificial intelligence (AI) initiatives. The event will highlight AMD's strategy for AI and introduce the latest AMD Instinct GPUs and developments in the AMD ROCm open software ecosystem. With revenue growth of nearly 14% in the last twelve months and a strong gross profit margin of 53%, the company will discuss AI solutions tailored for various sectors including hyperscalers, enterprises, and startups.
AMD's Chair and CEO, Dr. Lisa Su, alongside AI ecosystem partners, customers, and developers, will explore how AMD's products and software are influencing the AI and high-performance computing fields. The event is set to be both in-person and available via a live stream starting at 9:30 a.m. PT on the AMD YouTube channel.
For over five decades, AMD has been a key player in high-performance computing, graphics, and visualization technologies, with its products being integral to a wide range of users from global businesses to scientific research institutions.
The upcoming event is poised to offer insights into the company's next-generation technologies and collaborations that aim to advance the AI industry. This announcement is based on a press release statement from AMD.
In other recent news, Advanced Micro Devices (AMD) has made several notable announcements. AMD reported that its 5th Gen EPYC processors are now powering Oracle Cloud Infrastructure's Compute E6 Standard shapes, promising significant performance and cost-to-performance improvements for enterprise and cloud applications. Meanwhile, AMD has completed the acquisition of ZT Systems for $4.9 billion, aiming to leverage its AI infrastructure expertise while planning to sell off the manufacturing assets. Stifel analysts have maintained a Buy rating for AMD with a $162 price target, anticipating that the acquisition will eventually enhance AMD's financial performance by 2026.
In contrast, KeyBanc Capital Markets downgraded AMD's stock from Overweight to Sector Weight due to concerns about the company's AI business in China and increased competition from Intel. Despite this, KeyBanc has revised its revenue and earnings projections upward, citing strong demand for certain AMD products. The semiconductor industry is facing challenges due to new tariffs announced by the U.S. government, with potential indirect impacts on AMD through supply chain disruptions. Investors are closely watching these developments as AMD navigates competitive pressures and market dynamics.
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