Advanced Micro Devices (AMD) Stock Climbs Higher On The News: What Should You Know?

Advanced Micro Devices is one of the greatest-performing stocks in recent weeks, while the announcements boosted the price by over 13,82 percent. Over the years, AMD has reached a new mark of almost $153.96 amid its winning business from Facebook’s parent company, Meta Platforms. The Meta Platforms (FB) has become the latest hyperscale cloud firm to acquire AMD’s Epyc central processing units or CPUs. Besides, AMD has been making deals with many of Intel’s largest customers. It makes deals with Google Cloud Alphabet, Amazon web services Amazon website and Microsoft Azure Corporation.

Additionally, the company launched a new chip called the MI200, an “accelerator” designed to speed up specific tasks like machine learning and artificial intelligence. It will take on significant competitors such as Nvidia Corp in the GPUs markets and smaller competitors such as Ampere Computing in the cloud computing market. AMD also showed off their 3D chiplet packaging technique, which is planned to use in server CPUs. The most important thing is that third-generation AMD Epyc processors with AMD 3D V-Cache will provide a 50% performance boost in specific technical computing workloads. It’s preparing to launch in the Q1 of 2022.