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SANTA CLARA, Calif. - Advanced Micro Devices, Inc. (NASDAQ:AMD), a prominent player in the semiconductor industry with a market capitalization of $167.27 billion and impressive revenue growth of ~14% over the last twelve months, has announced that its 5th Gen AMD EPYC processors are now powering the Oracle Cloud Infrastructure (OCI) Compute E6 Standard shapes. According to OCI’s testing, these processors provide a significant performance boost, offering up to twice the cost-to-performance efficiency compared to the previous E5 instances. InvestingPro analysis suggests AMD is currently trading below its Fair Value, with analysts maintaining positive growth expectations for the company.
The 5th Gen AMD EPYC processors are recognized for their server capabilities, particularly in enterprise, artificial intelligence, and cloud applications. OCI’s adoption of these processors aims to enhance general-purpose and compute-intensive workloads, delivering improved performance and cost efficiency. With a strong financial health score and operating with moderate debt levels according to InvestingPro data, AMD continues to demonstrate its ability to invest in cutting-edge technology while maintaining fiscal discipline.
OCI Compute E6 Standard bare metal instances and virtual machines equipped with the new AMD technology are currently available in multiple regions, including US East (Ashburn), US West (Phoenix), US Midwest (Chicago), Germany Central (Frankfurt), and UK South (London). Plans are in place to extend availability to additional regions in the months ahead.
Dan McNamara, senior vice president and general manager of the Server Business at AMD, highlighted the significance of the rapid adoption of AMD EPYC processors in the cloud market. He noted that the combination of OCI’s flexible infrastructure and the performance of 5th Gen AMD EPYC processors allows customers to accelerate demanding workloads while optimizing cloud infrastructure costs.
Donald Lu, senior vice president of software development at Oracle Cloud Infrastructure, echoed this sentiment, emphasizing OCI’s commitment to delivering top-performing, cost-effective cloud solutions. The new OCI Compute E6 Standard shapes represent this commitment by providing unmatched compute power, scalability, and efficiency for complex workloads.
The collaboration between AMD and OCI underscores AMD’s ongoing efforts to drive innovation in high-performance computing and its impact on businesses and scientific research institutions worldwide. The information for this report is based on a press release statement. For deeper insights into AMD’s financial health, growth prospects, and 13 additional exclusive ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro, which transforms complex Wall Street data into actionable intelligence for smarter investing decisions.
In other recent news, Advanced Micro Devices (AMD) has completed its acquisition of ZT Systems, aiming to enhance its AI solutions. This acquisition is expected to bolster AMD’s presence in the data center AI accelerator market, which is projected to grow significantly by 2028. The integration of AMD’s technology with ZT Systems’ capabilities is anticipated to accelerate the deployment of AI infrastructure optimized for the cloud. Furthermore, AMD’s stock rating was downgraded by Jefferies from ’Buy’ to ’Hold’, with the price target reduced to $120. This downgrade reflects concerns about AMD’s performance in the AI market and increased competition from Nvidia and Intel. In other developments, AMD’s space-grade Versal XQR SoCs have been qualified for spaceflight and are now available for order, offering advanced AI inferencing capabilities for space applications. Additionally, AMD has partnered with Cisco, Nokia, and Jio Platforms to develop the Open Telecom AI Platform, aiming to enhance telecom infrastructure with AI-driven solutions. These recent developments highlight AMD’s strategic moves to expand its footprint in high-performance computing and AI sectors.
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